Ecuador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1995-1996 , pp 199-207
- Publication Date: December 1996
- DOI: https://doi.org/10.18356/909242ab-en
- Language: English
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.
© United Nations
ISBN (PDF):
9789210582995
Book DOI:
https://doi.org/10.18356/b63a7896-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Ecuador
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