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Outlook of Ecuador. REPUBLIC OF ECUADOR Alonso P érez Kakabadse 24 10 2002. Ecuador to the Future. Source: Banco Central del Ecuador (provisional) 2003 includes 1700 millions of IESS debt * Includes BCE transfers. Prices*. Public Debt.
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Outlook of Ecuador REPUBLIC OF ECUADOR Alonso Pérez Kakabadse 24 10 2002
Ecuador to the Future Source: Banco Central del Ecuador (provisional) 2003 includes 1700 millions of IESS debt * Includes BCE transfers
Public Debt • 1999, Ecuador’s public external debt ($16.4bn) appeared unsustainable, standing for 119% of GDP. • 2001, public debt is 78% of GDP • 2002, public debt is similar to 2001 in millions of dollars • 2003 includes FEIREP and IESS debt.
Current Account and Capital Account Source: Banco Central del Ecuador (provisional)
External Sector FDI provides financing to the Current Account
External Sector Current Account Balanceand RER