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Economic Development of Ecuador, Steeven Cóndor International Marketing …
Economic Development
of Ecuador
Covid-19
Measures
Social distancing
Curve of cases
much less steep
National lockdown
Use of masks in
public spaces
Prohibition on
public events
Problems
No adequate testing
and tracing infrastructure
Inadequate living and
working conditions
Hard social distancing
Economic
necessity
Limit the feasibility of
new national lockdowns
1st Latinoamerican country
So affected
by the virus
28000 deaths
Political
Issues
New
challenges
Growth in new sectors
Creating jobs
New investments
Generating additional
tax revenue
Oil export
Last
government
President's approval <10%
Only +0.1% PIB 2019
World
Bank
Participation
Integration of reforms
Reduce poverty and inequalities
Investment projects in Ecuador
Improving social services
and legal frameworks
Access to better quality services
Economic
Forecasts
Double
shock
Collapse in
tax revenue
Consequences
Mounting payment delays
Less capacity to offer
stimulus programs
,>Public financing gap
Collapse in
oil incomes
Solutions
Debt
restructuring
agreement
Ensure a steady
flow of dollars
Avoid a potential
financial crisis
Strengthen the
balance of payments
Dependence
on two factors
reforms that the new
government implement
Overall recovery pace
of the world economy
IMF, China and others
multi-laterals financing
Contain economic contraction
Economic reactivation
Foreign Investors
vs.
Next presidential election
Lasso's
status
Main
competitors
Arauz →
second round
Youth and
unknown status
Correísta
support base
Take advantage
voter demand
Opposition to
IMF program
Voter
frustration
Eepitomizes
Ecuador’s elites
Claims them for the
country’s predicament
Continue the unpopular Moreno
administration’s economic reforms
People strong
opposition
to Arauz
Economic elites
and the media
State institutions
Governability
problem
Difficult to consolidate an outright majority
Difficult to advance significant reforms
Composition of Congress
Optimistic outlook
Market friendly
candidate
High profile
banker
CREO and the
Social Christians
Alliance between
conservative forces
Correa’s 8-year
prison sentence
Forced out of the race as
Vice Presidential candidate
Steeven Cóndor
International Marketing
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