Ecuador: On Course For BOP Crisis

July 2009
Emerging Markets Monitor;7/20/2009, Vol. 15 Issue 16, p11
Country Report
The article offers an economic outlook for Ecuador for 2009-2010. The capital and financial account would have been in deficit without the use of reserve assets. The imposition of quotas led to a decline in import growth, helping stem the rapid deterioration in the trade deficit. The oil sector is likely to continue suffering from faltering prices and the government's inflexible stance towards investors. There has been skepticism as to how much external funding the country will be able to access without a change in the government's protectionist stance.


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