Ecuadorian Socialist Party (PSE), Leon ROLDOS, leader; Broad Leftist
Front (FADI), Jose Xavier GARAYCOA, president; Ecuadorian National
Liberation (LN), Alfredo CASTILLO, director
Communists:
Communist Party of Ecuador (PCE, pro-North Korea), Rene Leon Mague
MOSWUERRA, secretary general (5,000 members); Communist Party of
Ecuador/Marxist-Leninist (PCMLE, Maoist), leader NA (3,000 members)
Member of:
AG, ECLAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, IDA,
IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, IOM, ITU, LAES,
LAIA, LORCS, NAM, OAS, ONUSAL, OPANAL, PCA, RG, UN, UNCTAD, UNESCO,
UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in US:
chief of mission:
Ambassador Edgar TERAN
chancery:
2535 15th Street NW, Washington, DC 20009
telephone:
(202) 234-7200
consulate(s) general:
Chicago, Houston, Los Angeles, Miami, New Orleans, New York, San
Diego, and San Francisco
US diplomatic representation:
chief of mission:
Ambassador Peter F. ROMERO
embassy:
Avenida 12 de Octubre y Avenida Patria, Quito
mailing address:
P. O. Box 538, Unit 5309, Quito, or APO AA 34039-3420
telephone:
[593] (2) 562-890, 561-623 or 624
FAX:
[593] (2) 502-052
consulate(s) general:
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 that is shorter and does not bear a coat of
arms

@Ecuador, Economy

Overview:
Ecuador has substantial oil resources and rich agricultural areas.
Growth has been uneven because of natural disasters, fluctuations in
global oil prices, and government policies designed to curb inflation.
Banana exports, second only to oil, have suffered as a result of
import quotas of the European Union and banana blight. The new
President Sixto DURAN-BALLEN, has a much more favorable attitude
toward foreign investment than did his predecessor. Ecuador has
implemented trade agreements with Colombia, Peru, Bolivia, and
Venezuela and has applied for GATT membership. At the end of 1991,
Ecuador received a standby IMF loan of $105 million, which will permit
the country to proceed with the rescheduling of Paris Club debt. In
September 1992, the government launched a new, macroeconomic program
that gives more play to market forces. In 1993, the DURAN-BALLEN
administration adopted a rigorous aust