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Multisectorial Preinvestment Program
EN

Project Detail

Country

Ecuador

Project Number

TC9410317

Approval Date

November 14, 1994

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 5,854.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,854.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/SF-4716-EC Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Nonreimbursable
Operation Number ATN/SF-4716-EC
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Nonreimbursable
Publications
Published 2024
Financial Development, Growth, and Inequality: The Role of Institutions in Latin America and the Caribbean
This publication explores the relationships between institutions, financial development, and income inequality. It assesses the extent of reforms that can promote financial development and argues that institutional improvements capable of increasing financial development can simultaneously mitigate income inequality. This work, focusing on the Latin American and Caribbean region, uses a broad set of measures of financial development, financial institutions, and capital markets. It employs a comprehensive set of inequality indicators and income definitions, as well an econometric model of the financial possibility frontier, to demonstrate that institutions contributing to financial development also help reduce income inequality.
Publications
Published 2022
From Wells to Wealth? Government Transfers and Human Capital
To study the causal impact of oil royalties on human capital, we exploit quasi-experimental variation arising from a law in Ecuador that transfers resources to municipalities regardless of their oil-producing status. We find that royalties increase the likelihood of students completing primary and secondary education. Students reaching high school are also more likely to pass and excel on the exit exam. Furthermore, schools are more likely to remain open, increase their size, and become more road-accessible. However, the likelihood of students pursuing higher education decreases as they face steeper opportunity costs when labor demand increases.
Blogs
Published 2023
¿Por qué son importantes los estudios técnicos en la etapa de preinversión de un proyecto de infraestructura? 
Imagina que estás planificando el presupuesto del próximo año y las obras a licitar. La comunidad está entusiasmada con los nuevos proyectos que se avecinan. Las obras comienzan, pero pronto debes informar que demandarán más tiempo y serán más costosas de lo previsto, lo que genera gran descontento en la población. Finalmente, logran terminarlas y,
Publications
Published 2021
Research Insights: How Can Macro-Prudential Policy Control the Impact of Cross-Border Bank Flows on Emerging Market Economies?
Advanced economies (AEs) transmit economic crisis to Emerging Market Economies (EMEs) through cross-border bank flows, impacting their output, credit, and assets prices. Empirical evidence suggests that the transmission of the crisis from AEs to EMEs is higher in the absence of macro-prudential policy. A macro-prudential policy in the form of a levy on EMEs banks, when credit grows faster than deposits, reduces the propagation of AEs crisis to EMEs: the consumption drop is 12 percent lower, and the reaction of the labor market smoother, so consumers are better off with the policy than without it.
Publications
Published 2022
New Products, New Markets: Dragon Fruit in Ecuador
Expanding incomes in Asian countries and changes in fresh-fruit value chains have created an important niche for producers of dragon fruit. Ecuadorean producers have responded and taken advantage of these evolving opportunities and market dynamism. By customizing their products to the specific demands of target markets and complying with the standards imposed by modern buyers, Ecuadorian exporters of dragon fruit demonstrate how challenges related to and opportunities in agri-food markets evolution can be met. This study documents the development of the dragon fruit market in Ecuador, with a special emphasis on the analysis of its value chain. The study additionally identifies and analyzes the main drivers of the success of the production and exports of the fruit and examines the main challenges and needs for improved public policies to promote sustainable growth of the sector. Findings are complemented with interviews conducted with the principal actors in the Ecuadorian dragon fruit industry, as well as a case study that involves several relatively recently formed dragon fruit-producing companies in the Amazon region of the country.
Publications
Published 2022
Strategies to Strengthen Ecuador's High-Value Cacao Value Chain
Since the early nineteenth century, cacao has been an important export earner for Ecuador. Today the importance of this sector remains, as Ecuador is the main producer and exporter of Fine and Flavor cacao worldwide. Motivated by the main transformations of the global food systems and the increasing demand for multidimensional credence attributes, this study examines the present state of Ecuador's cacao industry, identifies areas of opportunity, and discusses how the private and public sectors can work together to meet existing and emerging challenges. Findings are supported by interviews conducted with the principal actors in the Ecuadorian cacao industry and two case studies. The first case study focuses on how associativity can help cacao farmers producing high-quality beans to differentiate themselves and succeed in modern agri-food markets. The second case study explores the success of a local chocolate firm and its links with local cacao farmers. Findings suggest that market trends have created new business opportunities for cacao producers and chocolate processors. These opportunities are most open to firms who can personalize and differentiate their products, for example, through the use of quality certifications such as organic, fair trade, reduced carbon load, etc. More importantly, market developments are driving exporters to enhance the performance of cacao value chains in the country, but the sector requires coordination to capture reputation and credence-based demands for the local cacao.
Blogs
Published 2022
Implications of a New Global Financial Landscape for the Southern Cone
Global financial markets are at a crossroads, subject to increased short-term uncertainty as well as structural shifts, both of which pose risks to the macroeconomic and development outlook of emerging economies. To start with, central banks around the world are aggressively tightening monetary policy to fight inflation. This has complex ramifications for exchange rate markets,
Blogs
Published 2021
Ciudades Amazónicas del Ecuador: Desafíos y Oportunidades para un Urbanismo Sostenible
Con motivo de la celebración esta semana del Día Mundial del Medio Ambiente queremos acercarnos a uno de los mayores tesoros de América Latina y Caribe: la Amazonía. Con sus 7 millones de km2 de extensión, la Amazonía forma parte de nueve países, siendo Ecuador uno de ellos. La Amazonía ecuatoriana tiene una extensión de
Blogs
Published 2023
Seguridad Alimentaria Urbana: ¿Cómo conectar los sistemas alimentarios de nuestras ciudades?
¿Alguna vez has pensado en el recorrido que sigue la comida desde el campo hasta tu mercado? Esto es conocido como el sistema de abastecimiento y distribución de alimentos, y está compuesto por seis etapas: origen, transformación, almacenamiento/conservación, transporte-distribución, venta y consumo. Las ciudades tienen un rol protagonista en la mayor parte de ellas, por
Publications
Published 2022
Are the Berries Ripe?: Export Potential for Ecuador's Blackberry Production
Blackberry production has been common for decades in Ecuador''s inter-Andean valleys, but a fresh or processed export industry has not emerged despite export successes experienced in neighboring countries. This case study examines the potential for expansion of blackberry export market and identifies several key barriers: low volume of production for export, phytosanitary and other obstacles constraining production at scale, lack of support services from the public sector, and lack of an organizational presence for producers seeking alternative markets. While production of blackberry is relatively high, and markets and an export window exist, Ecuadors industry needs vision and leadership for a viable export industry to emerge.
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