1945

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.

Related Subject(s): Economic and Social Development
Countries: Ecuador
/content/books/9789210582995s003-c008
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