Publicado

2020-06-01

Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF

Ecuador: al abismo gracias a las políticas de ajuste estructural del Acuerdo de Servicio Ampliado con el FMI.

Equador: ao abismo graças às políticas de ajuste estrutural do Acordo de Serviço Ampliado com o FMI.

DOI:

https://doi.org/10.15446/cuad.econ.v39n80.82581

Palabras clave:

Ecuador, fully dollarized economy, extended fund agreement, structural adjustment policies, capital roundtripping (en)
Ecuador, economía completamente dolarizada, Acuerdo de Servicio Ampliado, políticas de ajuste estructural, capital de ida y vuelta (es)
Equador, economia completamente dolarizada, Acordo de Serviço Ampliado, políticas de ajuste estrutural, capital de ida e volta (pt)

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Autores/as

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.

Este artículo analiza el alcance, los orígenes, la justificación y los compromisos del Acuerdo de Servicio Ampliado firmado por el gobierno ecuatoriano y el FMI en marzo de 2019. Este acuerdo que representa un poco más de la tercera parte del Acuerdo Stand-By argentino, promueve la independencia del Banco Central, la austeridad fiscal así como políticas de ajuste estructural con un diagnóstico de partida que omite problemas en el sector externo. Se muestran las implicaciones y contradicciones del acuerdo para promover cambios estructurales en el sector real así como las políticas que protegen intereses de los tenedores de bonos y los banqueros.

Este artigo analisa o alcance, as origens, a justificação e os compromissos do Acordo de Serviço Ampliado firmado pelo Governo equatoriano e o FMI em março de 2019. Este acordo que representa um pouco mais do que a terça parte do Acordo Stand-By argentino, promove a independência do Banco Central, a austeridade fiscal assim como políticas de ajuste estrutural com um diagnóstico de partida que omite problemas no setor externo. Mostram-se as implicações e contradições do acordo para promover mudanças estruturais no setor real assim como as políticas que protegem interesses dos detentores de bônus e dos banqueiros.

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Cómo citar

APA

King Mantilla, K. y Samaniego Ponce, P. (2020). Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF. Cuadernos de Economía, 39(80), 541–566. https://doi.org/10.15446/cuad.econ.v39n80.82581

ACM

[1]
King Mantilla, K. y Samaniego Ponce, P. 2020. Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF. Cuadernos de Economía. 39, 80 (jun. 2020), 541–566. DOI:https://doi.org/10.15446/cuad.econ.v39n80.82581.

ACS

(1)
King Mantilla, K.; Samaniego Ponce, P. Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF. Cuad. econ 2020, 39, 541-566.

ABNT

KING MANTILLA, K.; SAMANIEGO PONCE, P. Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF. Cuadernos de Economía, [S. l.], v. 39, n. 80, p. 541–566, 2020. DOI: 10.15446/cuad.econ.v39n80.82581. Disponível em: https://revistas.unal.edu.co/index.php/ceconomia/article/view/82581. Acesso em: 22 jul. 2024.

Chicago

King Mantilla, Katiuska, y Pablo Samaniego Ponce. 2020. «Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF». Cuadernos De Economía 39 (80):541-66. https://doi.org/10.15446/cuad.econ.v39n80.82581.

Harvard

King Mantilla, K. y Samaniego Ponce, P. (2020) «Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF», Cuadernos de Economía, 39(80), pp. 541–566. doi: 10.15446/cuad.econ.v39n80.82581.

IEEE

[1]
K. King Mantilla y P. Samaniego Ponce, «Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF», Cuad. econ, vol. 39, n.º 80, pp. 541–566, jun. 2020.

MLA

King Mantilla, K., y P. Samaniego Ponce. «Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF». Cuadernos de Economía, vol. 39, n.º 80, junio de 2020, pp. 541-66, doi:10.15446/cuad.econ.v39n80.82581.

Turabian

King Mantilla, Katiuska, y Pablo Samaniego Ponce. «Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF». Cuadernos de Economía 39, no. 80 (junio 1, 2020): 541–566. Accedido julio 22, 2024. https://revistas.unal.edu.co/index.php/ceconomia/article/view/82581.

Vancouver

1.
King Mantilla K, Samaniego Ponce P. Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF. Cuad. econ [Internet]. 1 de junio de 2020 [citado 22 de julio de 2024];39(80):541-66. Disponible en: https://revistas.unal.edu.co/index.php/ceconomia/article/view/82581

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CrossRef citations2

1. Katiuska King, Philipp Altmann. (2022). Between Justice and Money: How the Covid-19 Crisis was used to De-Differentiate Legality in Ecuador. International Journal for the Semiotics of Law - Revue internationale de Sémiotique juridique, 35(3), p.1039. https://doi.org/10.1007/s11196-021-09877-z.

2. José Fernando López Aguirre, Marcelo Eduardo Sánchez Salazar, Juan Carlos Pomaquero Yuquilema, Jorge Antonio Vasco Vasco. (2024). Regulaciones en la ley de economía social del sector transporte-Ecuador. Revista Venezolana de Gerencia, 29(Especial 11), p.279. https://doi.org/10.52080/rvgluz.29.e11.16.

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