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1 – 10 of 15The agreement will last for 48 months and includes an immediate disbursement of USD1bn. It will provide much-needed, short-term fiscal relief for the government and increase…
The restructuring creates more fiscal space for President Guillermo Lasso as he attempts to bolster popular support, fend off political opposition and drive through liberal…
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DOI: 10.1108/OXAN-DB273097
ISSN: 2633-304X
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ECUADOR: IMF deal would deepen political polarisation
COVID-19 lockdown measures and low oil prices are weighing on the economy, which the IMF expects to contract by 6.7% this year. According to the IMF, Ecuador’s gross financing…
ECUADOR: Unrest will soar as COVID-19 crisis subsides
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DOI: 10.1108/OXAN-ES252748
ISSN: 2633-304X
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The health crisis, national lockdowns and a global recession have combined to create a difficult environment in Latin America, while governments’ responses to the pandemic have…
Ecuador's economic difficulties.
Lockdown measures have helped stem contagion but have had a devasting impact on the economy. Market liberalisation and debt renegotiation efforts place most of the burden of…
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DOI: 10.1108/OXAN-DB253510
ISSN: 2633-304X
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The government's precarious fiscal position means that some taxes will be increased, but the rate of VAT will remain unchanged. Much of the adjustment will come about from the…
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DOI: 10.1108/OXAN-DB246846
ISSN: 2633-304X
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This Fund-supported programme will help Ecuador address the economic shock caused by the sharp drop in oil prices and the COVID-19 pandemic. It also paves the way for the…