01842cas a2200241 a 4500 AALejournalIMF015567 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513519074 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Ecuador : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ecuador. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (79 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2015 Article IV Consultation highlights that since the fourth quarter of 2014, the economy of Ecuador has been hit by external shocks and is slowing down. The sharp decline in the international oil price, by about half for the Ecuadorian mix, significantly undercut oil revenues. In addition, competitiveness is being eroded by the real appreciation of the exchange rate. In the face of the economic slowdown, bank liquidity conditions have tightened, credit growth has slowed, and nonperforming loans have risen. Despite the slowdown, inflation is picking up. Owing to the shocks and expected adjustment, the economy is projected to contract somewhat in 2015, while the external position deteriorates. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/289 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/289/002.2015.issue-289-en.xml IMF e-Library