Ecuador

The Joint IBRD/IFC Country assistance Strategy (CAS) Progress Report covers the Bank's strategy for assistance to Ecuador for twenty-four months (through fiscal yea... Show More + r 2002). The Bank's assistance will sharply focus on a) protecting the poor from the impact of the recession, b) supporting macroeconomic adjustment, c) growth recovery and the rehabilitation of the banking system, and d) implementing key structural reforms for sustainable development and poverty reduction. To measure its impact, the program includes performance indicators to guide implementation and evaluation. To reduce the possibility of government back-tracking in implementing reforms, this CAS progress report establishes lending scenario triggers that rely on specific "hard" measures that cannot easily be diluted or reversed. The disbursement of the first tranche is based on policy actions already implemented, and the other tranches will be disbursed upon implementation of selected reforms. The remainder of the lending program is spread evenly during the period covered by this CAS progress report, and its implementation will be contingent upon performance and progress in implementing the government's program. The Bank's assistance also includes non-lending services to continue advancing other reforms through building support and improving institutional development. Show Less -