Ecuador: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador
Electronic Access:
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Summary:
Following the completion of a 27-month Extended Fund Facility (EFF) arrangement in December 2022, political uncertainty, a security crisis, and exogenous shocks to oil revenue and interest rates led to a sharp macroeconomic and fiscal deterioration. The authorities implemented swift and bold measures in early 2024 to address the fiscal and liquidity challenges and requested a 48-month EFF arrangement of SDR 3 billion (about US$4 billion, 430 percent of quota) to support their policy plans and advance an ambitious structural reform agenda.
Series:
Country Report No. 2024/146
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Financial regulation and supervision International organization Monetary policy Public debt Revenue administration
Frequency:
regular
English
Publication Date:
May 31, 2024
ISBN/ISSN:
9798400277542/1934-7685
Stock No:
1ECUEA2024001
Format:
Paper
Pages:
122
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