Ecuador: 2021 Article IV Consultation, Second and Third Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

• Author(s): International Monetary Fund. Western Hemisphere Dept.,
• Publisher: International Monetary Fund
• Pages: 137
• ISBN_10: 1513599100
  ISBN_13: 9781513599106
  
• Language: en
• Categories: Business & Economics / Investments & Securities / Commodities / Energy , Business & Economics / Exports & Imports , Business & Economics / Economics / Macroeconomics , Business & Economics / Money & Monetary Policy , Business & Economics / Public Finance , Business & Economics / Statistics , Business & Economics / International / Economics & Trade ,

Description:... The new administration has committed to continue with the Fund-supported Extended Fund Facility (EFF) of SDR 4,615 million (661 percent of quota, about $6.5 billion) that was approved by the IMF Executive Board on September 30, 2020. The authorities’ objectives under the program are to ensure an environmental-friendly growth with high quality jobs, promote a transparent management of public resources, and ensure equity in the conduct of fiscally sustainable policies. Upon the completion of the Second and Third Reviews under the EFF, an additional SDR $568 million would be made available.