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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F1000 Research Ltd
2025-01-01
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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. |
| format | Article |
| id | doaj-art-368b0b13c1aa4f658db3aaf52318ee93 |
| institution | Kabale University |
| issn | 2046-1402 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | F1000 Research Ltd |
| record_format | Article |
| series | F1000Research |
| 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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