International Reserves in Ecuador
Ecuador - International ReservesThe 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
|International Reserves (USD)||2.5||4.3||2.5||2.7||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador International Reserves Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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July 6, 2020
Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May.
June 30, 2020
The economy contracted 2.4% on an annual basis in the first quarter, which followed the fourth quarter's 1.0% decrease, as the shocks from the oil price collapse and the coronavirus pandemic hammered activity.
June 13, 2020
Economic activity dropped 2.8% year-on-year in April (March: -3.3% year-on-year) according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador. On a monthly basis, economic activity rose 0.2% in April (March: -0.3% month-on-month).
June 4, 2020
Consumer prices fell 0.26% over the previous month in May, contrasting the 1.00% rise seen in April.
May 12, 2020
Write intro here Economic activity dropped 2.6% year-on-year in March (February: -2.4% yoy) and marked the worst reading since August 2016.