International Reserves in Ecuador

Ecuador International Reserves | Economic News & Forecasts

Ecuador - International Reserves

While the latest data for the third quarter provides some respite following the weakest outturn in nearly three years in the second quarter, the overall picture remains challenging. Activity rebounded in August following four consecutive months of contraction as petroleum production was ramped up to cash in on higher oil prices. Moreover, bank lending to the private sector bounced back in August after slipping to a 30-month low in July, thus easing constraints on household spending. The government is struggling to deliver on its IMF-mandated fiscal consolidation goals, however, and is unlikely to meet this year’s target. The budget shortfall widened in July, with the 12-month rolling deficit exceeding the IMF’s projection for the year. Meanwhile, the government reinstated fuel subsidies on 13 October after a fortnight of intense protests and, on 18 October, consequently proposed tax reforms in a bid to shore up public finances.

Ecuador - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)4.4  4.0  2.5  4.3  2.5  

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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

ValueChangeDate
Exchange Rate25,0000.0 %Sep 04
Stock Market1,3290.17 %Sep 04

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