02318cas a2200241 a 4500 AALejournalIMF016115 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523859 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Ecuador : Second and Third Reviews Under The Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria-Press Release and Staff Report. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (98 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 paper discusses Ecuador's Second and Third Reviews Under the Extended Fund Facility Arrangement and Request for a Waiver of NonObservance and Modifications of Performance Criteria. The Ecuadorian authorities have continued to make progress in strengthening the country's fiscal and external positions and have appropriately recalibrated their economic program to include a more moderate fiscal consolidation and international reserves' paths in response to recent developments and to protect pro-poor growth and social spending. Public financial management reforms are paramount to secure fiscal sustainability in the longer term. The reform of the central bank aimed at strengthening central bank autonomy, accountability, and governance will be instrumental in supporting the dollarization regime, boosting reserves, and ensuring their prudent management. Efforts to raise competitiveness should continue to focus on improving transparency, strengthening governance, increasing efficiency of the public sector, and creating conditions in the labor market to facilitate hiring and female participation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/379 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/379/002.2019.issue-379-en.xml IMF e-Library