Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]

Where did Ecuador’s foreign debt originate and grow to alarming levels? The purpose of this article is to describe, from an analytical perspective based on the contributions of various authors, the origin of Ecuador’s external debt with international institutions such as the World Bank and the Inter...

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Main Authors: Marcelo Sánchez-Oro Sánchez, Martha Lucía Romero Flores, Ligia Ximena Tapia Hermida, Patricia Alexandra Chiriboga Zamora
Format: Article
Language:English
Published: F1000 Research Ltd 2025-01-01
Series:F1000Research
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Online Access:https://f1000research.com/articles/13-957/v2
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author Marcelo Sánchez-Oro Sánchez
Martha Lucía Romero Flores
Ligia Ximena Tapia Hermida
Patricia Alexandra Chiriboga Zamora
author_facet Marcelo Sánchez-Oro Sánchez
Martha Lucía Romero Flores
Ligia Ximena Tapia Hermida
Patricia Alexandra Chiriboga Zamora
author_sort Marcelo Sánchez-Oro Sánchez
collection DOAJ
description Where did Ecuador’s foreign debt originate and grow to alarming levels? The purpose of this article is to describe, from an analytical perspective based on the contributions of various authors, the origin of Ecuador’s external debt with international institutions such as the World Bank and the International Monetary Fund, as well as the support that these organizations provide for the development of the countries of the South, case Ecuador. To achieve this purpose, a documentary methodology was implemented that included an exhaustive review of studies focused on the specific variables subject to analysis, the PRISMA tool and Atlas.ti 23 were used. The results show that the creation of these financing agencies in their attempt to support the financial stability of developing countries has not been sufficiently effective in improving the welfare conditions of a good percentage of the population and has generated an imbalance in the sustained development of the poorest countries. It is concluded that the capitalist system gives predominant priority to the economic growth of nations, thus relegating in its model the consideration of human development. This orientation does not contribute effectively to the improvement of crucial aspects such: education, health and the standard of living of the population.
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spelling doaj-art-368b0b13c1aa4f658db3aaf52318ee932025-02-04T01:00:00ZengF1000 Research LtdF1000Research2046-14022025-01-0113177139Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]Marcelo Sánchez-Oro Sánchez0Martha Lucía Romero Flores1https://orcid.org/0000-0001-6354-5321Ligia Ximena Tapia Hermida2https://orcid.org/0000-0002-3701-3871Patricia Alexandra Chiriboga Zamora3https://orcid.org/0000-0002-5408-1200Dirección de Doctorado en el programa de Desarrollo Territorial Sostenible, Universidad de Extremadura, Badajoz, Extremadura, SpainDirección de Investigación, Universidad Nacional de Chimborazo, Riobamba, Chimborazo Province, EcuadorBusiness Administration Career, Universidad Nacional de Chimborazo, Riobamba, EcuadorBusiness Administration Career, Universidad Nacional de Chimborazo, Riobamba, EcuadorWhere did Ecuador’s foreign debt originate and grow to alarming levels? The purpose of this article is to describe, from an analytical perspective based on the contributions of various authors, the origin of Ecuador’s external debt with international institutions such as the World Bank and the International Monetary Fund, as well as the support that these organizations provide for the development of the countries of the South, case Ecuador. To achieve this purpose, a documentary methodology was implemented that included an exhaustive review of studies focused on the specific variables subject to analysis, the PRISMA tool and Atlas.ti 23 were used. The results show that the creation of these financing agencies in their attempt to support the financial stability of developing countries has not been sufficiently effective in improving the welfare conditions of a good percentage of the population and has generated an imbalance in the sustained development of the poorest countries. It is concluded that the capitalist system gives predominant priority to the economic growth of nations, thus relegating in its model the consideration of human development. This orientation does not contribute effectively to the improvement of crucial aspects such: education, health and the standard of living of the population.https://f1000research.com/articles/13-957/v2External debt World Bank International Monetary Fund developmenteng
spellingShingle Marcelo Sánchez-Oro Sánchez
Martha Lucía Romero Flores
Ligia Ximena Tapia Hermida
Patricia Alexandra Chiriboga Zamora
Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
F1000Research
External debt
World Bank
International Monetary Fund
development
eng
title Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
title_full Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
title_fullStr Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
title_full_unstemmed Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
title_short Chronological approach to the characteristics of Ecuador’s debt with the IMF and the WB [version 2; peer review: 2 approved]
title_sort chronological approach to the characteristics of ecuador s debt with the imf and the wb version 2 peer review 2 approved
topic External debt
World Bank
International Monetary Fund
development
eng
url https://f1000research.com/articles/13-957/v2
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