IMF Staff Country Reports

Ecuador: Ex-Post Evaluation of Exceptional Access under the 2020 Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Publication Date:

December 4, 2023

Summary:

The Executive Board approved a 27-month Extended Fund Facility (EFF) for Ecuador on September 30, 2020. The EFF supported program built on an earlier EFF arrangement in 2019, which had been canceled, and came on the heels of a Rapid Financing Instrument (RFI) purchase in 2020. With a total access of US$6.5 billion, the 2020 EFF brought Ecuador’s cumulative access to 897 percent of quota, triggering exceptional access (EA). After five purchases and with some of the reviews combined, the arrangement expired in December 2022.

Series:

Country Report No. 2023/381

Subject:

Energy subsidies Expenditure Fiscal consolidation Fiscal policy International organization Monetary policy Oil prices Prices Public debt

Frequency:

regular