The people of Ecuador are rising up to refound their country as a pluri-national homeland for all. This inspiring movement, with Ecuador's indigenous peoples at its heart, is part of the revolution spreading across the Americas, laying the groundwork for a new, fairer, world. Ecuador Rising aims to bring news and analysis of events unfolding in Ecuador to english speakers.

Monday, February 09, 2009

Ecuador 3Q Current Account Surplus $97 Million Vs Year-Earlier $633 Million

Monday February 2nd, 2009
QUITO -(Dow Jones)- Ecuador posted a $97 million current account surplus in its balance of payments in the third quarter, compared with a $633 million surplus in the year-earlier period, the central bank said Monday.
Meanwhile, the country's financial and capital account, which is a measure of both direct investment and portfolio flows, registered a surplus of $238 million in the third quarter, compared with a deficit of $259 million in the same period of 2007, the monetary authority said.
In the second quarter, the country reported a $1.3 billion current account surplus and a surplus of $663 million in its financial and capital account.
All figures have been rounded.

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