Ecuador Has Billions Of Dollars Less In International Reserves Than IMF Had Predicted

Ecuador ended 2019 with just $3.4 billion in international reserves, compared to the over $5 billion that the International Monetary Fund (IMF) had been predicting during most of 2019 that Ecuador would have, and which was the target level of reserves under Ecuador’s IMF program.

By contrast, a July 2019 paper from the...