Chamber of Representatives—last held 31 January 1988 (next to be held June 1990); results—ID 42%, PSC 11%, PRE 11%, DP 9%, others 27%; seats—(71 total) ID 30, PRE 8, PSC 8, DP 7, CFP 6, PSE 4, FADI 2, MPD 2, FRA 2, PCE 1, PLR 1; note—with the addition of the new province of Sucumbios there will be 72 seats in the August 1990 election
Communists: Communist Party of Ecuador (PCE, pro-Moscow), Rene
Mauge Mosquera, secretary general, 5,000 members; Communist Party of
Ecuador/Marxist Leninist (PCMLE, Maoist), 3,000 members; Socialist
Party of Ecuador (PSE, pro-Cuba), 5,000 members (est.); National
Liberation Party (PLN, Communist), 5,000 members (est.)
Member of: Andean Pact, ECOSOC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICO,
IDA, IDB—Inter-American Development Bank, IFAD, IFC, IHO, ILO, IMF, IMO,
INTELSAT, INTERPOL, IRC, ITU, LAIA, NAM, OAS, OPEC, PAHO, SELA, UN, UNESCO,
UPEB, UPU, WFTU, WHO, WMO, WTO
Diplomatic representation: Ambassador Jaime MONCAYO; Chancery at 2535 15th Street NW, Washington DC 20009; telephone (202) 234-7200; there are Ecuadorian Consulates General in Chicago, Houston, Los Angeles, Miami, New Orleans, New York, and San Francisco, and a Consulate in San Diego; US—Ambassador-designate Paul C. LAMBERT; Embassy at Avenida Patria 120, on the corner of Avenida 12 de Octubre, Quito (mailing address is P. O. Box 538, Quito, or APO Miami 34039); telephone [593] (2) 562-890; there is a US Consulate General in Guayaquil
Flag: three horizontal bands of yellow (top, double width), blue, and red with the coat of arms superimposed at the center of the flag; similar to the flag of Colombia which is shorter and does not bear a coat of arms
- Economy Overview: Ecuador continues to recover from a 1986 drop in international oil prices and a major earthquake in 1987 that interrupted oil exports for six months and forced Ecuador to suspend foreign debt payments. In 1988-89 oil exports recovered—accounting for nearly half of Ecuador's total export revenues—and Quito resumed full interest payments on its official debt, and partial payments on its commercial debt. The Borja administration has pursued austere economic policies that have helped reduce inflation and restore international reserves. Ecuador was granted an IMF standby agreement worth $135 million in 1989, and Quito will seek to reschedule its foreign commercial debt in 1990.
GDP: $9.8 billion, per capita $935; real growth rate 0.5% (1989)
Inflation rate (consumer prices): 54% (1989)
Unemployment rate: 14.3% (1988)
Budget: revenues $2.2 billion; expenditures $2.7 billion, including capital expenditures of $601 million (1988 est.)