Cover IMF Staff Country Reports
Ecuador: Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Ecuador
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 288
Language:
English
Publication Date:
09 Sep 2016
DOI:
https://doi.org/10.5089/9781475532593.002
ISBN:
9781475532593
ISSN:
1934-7685
Pages:
38
Keywords:
ISCR; CR; financial support; expenditure measure; financing; disbursement of SDR; government; discussion of Ecuador; financing pressure; earthquake financing; Oil; Public sector; Fiscal stance; Caribbean; Global
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This paper discusses Ecuador’s Request for Purchase Under the Rapid Financing Instrument (RFI). The Ecuadoran authorities are requesting financial assistance under the IMF’s RFI to address the urgent balance of payments (BOP) needs associated with emergency and reconstruction efforts. Given the urgency of their request, they are not currently in a position to implement a full-fledged upper-credit-tranche program, and they believe they can make suitable adjustments to manage their medium-term BOP challenges. Given the nature of the emergency, the IMF staff supports the authorities’ request for a purchase under the RFI.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2016: Issue 288