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publicationMay 16, 2024

Ecuador: Growing Resilient for a Better Future

 

The report ¡°Ecuador: Resilient Growth for a Future¡± identifies some of the challenges the country faces in order to grow sustainably.

In addition to the need to control the recent upsurge in insecurity and crime, this report argues that unlocking the potential of Ecuador's private sector and guiding it to achieve high-income country status will require sustainable actions in three areas:

  • managing economic resources in a responsible and balanced manner,
  • fostering the growth and competitiveness of enterprises, and unleashing the potential of three sectors that are
  • unlocking the potential of three sectors that, with the implementation of reforms and agreements, have significant growth potential: agriculture, formal mining and tourism.

 

Ecuador must take advantage of its natural resources, such as its land, forests, fisheries, hydroelectric power, oil, gold, and copper, and its potential in agriculture, extractive sectors, and tourism, to reduce poverty and become a high-income country.