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IMF to review Ecuadoŕs dollarization plan

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
January 2000
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IMF Managing Director Michel Camdessus made the following statement on January 10:

“In light of the announcement yesterday by the government of Ecuador of its intention to move the economy to full dollarization, the IMF is prepared to send a fact-finding mission to Quito to provide technical assistance in adapting [the country’s] fiscal and banking strategies to dollarization. Once suitable measures are identified, IMF management looks forward to working with the authorities to support their economic program.”

The text of News Brief 00/1 is also available on the IMF’s website (http://www.imf.org).

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