Political parties and leaders: Concentration of Popular Forces or CFP
; Democratic Left or ID ;
Ecuadorian Conservative Party or PCE ; Pachakutik-New
Country or P-NP ; Popular Democracy or
DP ; Popular Democratic Movement or MPD [Jaime HURTADO
Gonzalez]; Radical Alfarista Front or FRA ;
Roldosist Party or PRE ; Social
Christian Party or PSC
note: political blocs include: far left - MPD; populist - CFP and
P-NP; populist left - PRE; center left - ID, DP, and FRA; center right
- PSC and PCE
Political pressure groups and leaders: Confederation of Indigenous
Nationalities of Ecuador or CONAIE
International organization participation: CAN, ECLAC, FAO, G-11, G-77,
IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO,
ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA,
NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL,
WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Ivonne A-BAKI chancery: 2535 15th Street NW, Washington, DC 20009 telephone: (202) 234-7200 FAX: (202) 667-3482 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New Orleans, New York, Newark, Philadelphia, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Gwen CLARE embassy: Avenida 12 de Octubre y Avenida Patria, Quito mailing address: APO AA 34039 telephone: (2) 562-890 FAX: (2) 502-052 consulate(s) general: Guayaquil
Flag description: 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
@Ecuador:Economy
Economy - overview: Ecuador has substantial oil resources and rich agricultural areas. Because the country exports primary products such as oil, bananas, and shrimp, fluctuations in world market prices can have a substantial domestic impact. Ecuador joined the World Trade Organization in 1996, but has failed to comply with many of its accession commitments. In recent years, growth has been uneven due to ill-conceived fiscal stabilization measures. The aftermath of El Nino and depressed oil market of 1997-98 drove Ecuador's economy into a free-fall in 1999. The beginning of 1999 saw the banking sector collapse, which helped precipitate an unprecedented default on external loans later that year. Continued economic instability drove a 70% depreciation of the currency throughout 1999, which eventually forced a desperate government to dollarize the currency regime in 2000. The move stabilized the currency, but did not stave off the ouster of the government. The new president, Gustavo NOBOA has yet to complete negotiations for a long sought IMF accord. He will find it difficult to push through the reforms necessary to make dollarization work in the long-run.
GDP: purchasing power parity - $54.5 billion (1999 est.)
GDP - real growth rate: -8% (1999 est.)