Political parties and leaders:
Concentration of Popular Forces or CFP [Averroes BUCARAM];
Democratic Left or ID [Guillermo LANDAZURI]; National Action
Institutional Renewal Party or PRIAN [Alvaro NOBOA]; Pachakutik
Movement [Gilberto TALAHUA]; Patriotic Society Party or PSP [Lucio
GUTIERREZ Borbua]; Popular Democracy or DP [Dr. Juan Manuel
FUERTES]; Popular Democratic Movement or MPD [Gustavo TERAN Acosta];
Radical Alfarista Front or FRA [Fabian ALARCON, director]; Roldosist
Party or PRE [Abdala BUCARAM Ortiz, director]; Social Christian
Party or PSC [Leon FEBRES CORDERO]; Socialist Party - Broad Front or
PS-FA [Victor GRANDA]
Political pressure groups and leaders:
Confederation of Indigenous Nationalities of Ecuador or CONAIE
[Luis MACAS, president]; Coordinator of Social Movements or CMS [F.
Napoleon SANTOS]; Federation of Indigenous Evangelists of Ecuador or
FEINE [Marco MURILLO, president]; National Federation of Indigenous
Afro-Ecuatorianos and Peasants or FENOCIN [Pedro DE LA CRUZ,
president]
International organization participation:
CAN, CSN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU,
ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM,
IPU, ISO, ITU, LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH,
NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO,
UNMIL, UNMIS, UNOCI, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO
Diplomatic representation in the US: chief of mission: Ambassador Luis Benigno GALLEGOS Chiriboga chancery: 2535 15th Street NW, Washington, DC 20009 telephone: [1] (202) 234-7200 FAX: [1] (202) 667-3482 consulate(s) general: Chicago, Houston, Jersey City (New Jersey), Los Angeles, Miami, New Orleans, New York, San Francisco, Washington, DC
Diplomatic representation from the US: chief of mission: Ambassador Linda L. JEWELL embassy: Avenida 12 de Octubre y Avenida Patria, Quito mailing address: APO AA 34039 telephone: [593] (2) 256-2890 FAX: [593] (2) 250-2052 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
Economy Ecuador
Economy - overview:
Ecuador has substantial petroleum resources, which have accounted
for 40% of the country's export earnings and one-third of central
government budget revenues in recent years. Consequently,
fluctuations in world market prices can have a substantial domestic
impact. In the late 1990s, Ecuador suffered its worst economic
crisis, with natural disasters and sharp declines in world petroleum
prices driving Ecuador's economy into free fall in 1999. Real GDP
contracted by more than 6%, with poverty worsening significantly.
The banking system also collapsed, and Ecuador defaulted on its
external debt later that year. The currency depreciated by some 70%
in 1999, and, on the brink of hyperinflation, the MAHAUD government
announced it would dollarize the economy. A coup, however, ousted
MAHAUD from office in January 2000, and after a short-lived junta
failed to garner military support, Vice President Gustavo NOBOA took
over the presidency. In March 2000, Congress approved a series of
structural reforms that also provided the framework for the adoption
of the US dollar as legal tender. Dollarization stabilized the
economy, and growth returned to its pre-crisis levels in the years
that followed. Under the administration of Lucio GUTIERREZ - January
2003 to April 2005 - Ecuador benefited from higher world petroleum
prices. However, the government under Alfredo PALACIO has reversed
economic reforms that reduced Ecuador's vulnerability to petroleum
price swings and financial crises, allowing the central government
greater access to oil windfalls and disbursing surplus retirement
funds.
GDP (purchasing power parity):
$57.23 billion (2005 est.)
GDP (official exchange rate):
$30.7 billion (2005 est.)