ECUADOR: Into the abyss thanks to the structural adjustment policies of the extended fund agreement with the IMF

Katiuska King; Pablo Samaniego

doi:10.15446/cuad.econ.v39n80.82581

ECUADOR: Into the abyss thanks to the structural adjustment policies of the extended fund agreement with the IMF

Katiuska King, Pablo Samaniego

Faculty of Economics

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

This paper analyses the scope, origins, justification, and commitments of the extended fund arrangement (EFA) signed by the Ecuadorian government and the IMF in March 2019. This agreement, which represents a little more than a third of Argentina' Stand-By Agreement, promotes Central Bank independence, austerity, as well as structural adjustment policies, but its basic' diagnosis omits external sector problems. This paper presents the implications and contradictions of the agreement to promote structural changes in the real sector and how these foster policies that protect the interests of bondholders and bankers.

Original language	English
Pages (from-to)	541-566
Number of pages	26
Journal	Cuadernos de Economia (Colombia)
Volume	39
Issue number	80
DOIs	https://doi.org/10.15446/cuad.econ.v39n80.82581
State	Published - 14 Feb 2020

Bibliographical note

Publisher Copyright:
© 2020 Universidad Nacional de Colombia.

Keywords

Capital roundtripping
Ecuador
Extended fund agreement
Fully dollarized economy
Structural adjustment policies

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.15446/cuad.econ.v39n80.82581

Cite this

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AB - This paper analyses the scope, origins, justification, and commitments of the extended fund arrangement (EFA) signed by the Ecuadorian government and the IMF in March 2019. This agreement, which represents a little more than a third of Argentina' Stand-By Agreement, promotes Central Bank independence, austerity, as well as structural adjustment policies, but its basic' diagnosis omits external sector problems. This paper presents the implications and contradictions of the agreement to promote structural changes in the real sector and how these foster policies that protect the interests of bondholders and bankers.

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KW - Extended fund agreement

KW - Fully dollarized economy

KW - Structural adjustment policies

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ECUADOR: Into the abyss thanks to the structural adjustment policies of the extended fund agreement with the IMF

Abstract

Bibliographical note

Keywords

UN SDGs

Access to Document

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