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Ecuador: Economic Development & International MarketingTarea - Coggle…
Ecuador: Economic Development & International MarketingTarea
Political Risk Analysis: What’s Ahead For Ecuador’s Economy In 2021?
Ecuador’s economy is expected to bounce back in 2021, but the country’s next president will still need to rally support for reforms to the way pensions and state-owned enterprises are managed, and continue to look for ways to diversify exports.
Ecuador has struggled to develop adequate testing and tracing infrastructure, limiting its ability to limit the virus’ spread further and raising worries about how recurring outbreaks can be effectively contained.
It’s important that investors don’t overlook the governability problem any candidate elected in 2021 will face, namely the composition of Congress.
World Bank Assessment April 2020
Strategy
The CPF addresses the need to support macroeconomic stabilization, protect the most vulnerable sectors and reactivate sustainable growth. To this end, the CPF prioritizes three work areas:
Boosting human capital development and protecting vulnerable populations
Enhancing institutional and environmental sustainability.
Supporting fundamentals for inclusive growth
Results
The analytical studies focus on improving social services and legal frameworks and providing evidence-based information in key areas to continue efforts to reduce poverty and inequalities.
Increased access to better quality services in education and social protection
Integration of reforms in water supply, sanitation, transportation and risk management
Investment projects in Ecuador
Transport Infrastructure Project in Ibarra, Ecuador (P147280) to improve mobility of Ibarra and the use of recreational spaces around Yahuarcocha Lagoon.
Project to Modernize Sustainable Family Agriculture in Ecuador (P151963).
Index Economic Freedom
Ecuador’s economic freedom score is 54.3, making its economy the 126th freest in the 2022 Index.
Ecuador is ranked 25th among 32 countries in the Americas region
cuador has recorded a 5.0-point overall gain in economic freedom since 2017 and has solidified its position in the “Mostly Unfree” category.
Lasso has continued the reforms begun by centrist former President Lenín Moreno to promote trade and reduce public spending.
The government is renegotiating a $6.5 billion loan with the IMF.
Rulee of low
Corruption is pervasive, although Ecuador’s score improved slightly in Transparency International’s 2020 Corruption Perceptions Index.
Government Size
Regulatory Efficiency
Regulations that apply to businesses are subject to unpredictable changes.
Open Markets
The trade-weighted average tariff rate is 9.5 percent, and 284 nontariff measures are in effect.
Expenditure on GDP
Origin of GDP
ECONOMIC GROWTH
