Ecuador: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Ecuador: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ecuador
READ MORE...
Volume/Issue: Volume 2024 Issue 146
Publication date: May 2024
ISBN: 9798400277542
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , Business and Financial , EFF arrangement , financing strategy , reform agenda , reform sequencing , peak fund exposure , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Caribbean , Global

Also of interest
Peru
Nepal
Grenada
Republic of Congo : 2001 Article IV
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.

Powered by: AIDC