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IMF announces conclusion of staff negotiations with Ecuador

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
January 1999
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In a news brief issued on August 31, Claudio Loser, Director of the IMF’s Western Hemisphere Department, announced that agreement had been reached between the Ecuadoran authorities and the IMF staff mission in Quito on an economic policy program that could be supported by the IMF with a Stand-By Arrangement through the end of 2000. The draft Memorandum of Economic Policies will be submitted shortly to the IMF management for endorsement and, following the implementation of agreed actions in the fiscal and banking areas and the receipt of adequate financing assurances, will be presented to the IMF Executive Board for approval.

The full text of News Brief 99/53 is also available on the IMF’s website: http://www.imf.org.

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