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Country Brief

Ecuador has experienced inclusive growth, increasing the middle class and reducing poverty and extreme poverty levels in recent years. Moreover, it is the country that has reduced inequality more rapidly in the region. Despite many successes, Ecuador’s growth relies heavily on exports of commodities and on public investment. Reduce high economic dependency on the oil sector is an important challenge. The Government objectives include strengthening domestic markets and to promote an “intelligent integration” into the global economy; promote exports focusing on diversification of products, services and markets; support local producers, particularly SMEs, with the goal to reduce dependency on traditional exports such as oil and agricultural commodities; and transform the higher education system and increased knowledge in science, technology, and innovation. In this context ITC aims to work both at national and regional level and to support the competitiveness of SMEs and the services sector.


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