International Reserves in Ecuador

Ecuador International Reserves | Economic News & Forecasts

Ecuador - International Reserves

The Covid-19 pandemic and the collapse in global oil prices are posing major challenges for the economy and have dramatically darkened the outlook for this year. Still-strict confinement measures are hammering activity and fiscal revenue, while plummeting oil prices sent merchandise exports falling to a four-year low in March. Meanwhile, at the start of May, several multilateral lenders approved funding to support the authorities’ response to the health crisis and provide much-needed liquidity relief: The IMF unlocked USD 643 million in emergency financing; the World Bank issued a USD 500 million loan, as well as a USD 6.0 million grant to help Venezuelan refugees in the country; the Latin American Development Bank (CAF) approved a USD 400 million loan; while the Inter-American Development Bank granted a USD 94 million loan aimed at supporting small businesses during the pandemic.

Ecuador - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)2.5  4.3  2.5  2.7  3.4  

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Ecuador International Reserves Chart

Ecuador International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Ecuador and FocusEconomics calculations.

Ecuador Facts

Value Change Date
Exchange Rate25,0000.0 %Dec 31

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