t, ICFTU,
ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM,
ISO, ITU, LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM,
OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL,
UNOCI, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador (vacant)
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, and San Francisco

Diplomatic representation from the US:
chief of mission: Ambassador Kristie Anne KENNEY
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-fourth 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