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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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Ecuador

The performance of Ecuador’s economy in 1995 was adversely affected by a series of unexpected events. A number of key variables in the economic programme being implemented since late 1992 suffered unanticipated impacts -pressure on the exchange rate, high interest rates and a fiscal deficit- from the armed conflict with Peru, a long period of energy shortages and a political crisis which culminated in the resignation and departure from the country of the Vice-President of the Republic. As a result, the targets set for 1995 could not be met, and the country therefore witnessed a partial reversal of the favourable trends of previous years.

English

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