Ecuador : Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Ecuador.
On May 1, 2020, the Executive Board approved an RFI (USD 643 million, 67.3 percent of quota), to support the urgent needs of the Ecuadorean economy in the wake of COVID-19 crisis, and the authorities cancelled the three-year Extended Fund Facility arrangement (USD 4.2 billion, 435 percent of quota)....
| Autor Corporativo: | |
|---|---|
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Colección: | IMF Staff Country Reports; Country Report ;
No. 2020/286 |
| Acceso en línea: | Full text available on IMF |
| Sumario: | On May 1, 2020, the Executive Board approved an RFI (USD 643 million, 67.3 percent of quota), to support the urgent needs of the Ecuadorean economy in the wake of COVID-19 crisis, and the authorities cancelled the three-year Extended Fund Facility arrangement (USD 4.2 billion, 435 percent of quota). The macroeconomic situation has since deteriorated, prompting the authorities to request a 27-month EFF of SDR 4.615 billion (about USD 6.5 billion, 661 percent of quota), to help restore macroeconomic stability, support the most vulnerable groups, and advance the structural reform agenda initiated under the previous EFF. |
|---|---|
| Notas: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descripción Física: | 1 online resource (129 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Acceso: | Electronic access restricted to authorized BRAC University faculty, staff and students |