He Minister of Economy and Finance of Ecuador, Pablo Arosemena Marriott, participated in the morning of March 18 in Annual meeting of the Board of Directors of the Inter-American Development Bank (IDB) and IDB Invest, which takes place in Panama from March 16 to 19.

The goal of the event is to address challenges such as poverty that has been exacerbated by the pandemic, the climate change crisis, among others.

In this event, influential economic and financial leaders from 48 member countries of the organization to solve issues of global macroeconomic interest. In this area, Minister Arosemena will position the potential that Ecuador has for attracting more foreign investments and will try to expand multilateral financial support to the country.

As part of his agenda, the State Secretary will hold meetings with:

In addition, he will have bilateral meetings with representatives of investment banks and other organizations that help promote the country’s development. The goal of these meetings is to establish cooperative ties for the benefit of the country, which translates into greater support for the economic reactivation of Ecuador, resulting in greater sources of employment, and to guarantee the strengthening of social coverage for the most vulnerable population.

According to The Observatory of Fiscal Policy (OPF), the country has financing needs for 2023 of approximately 7000 million dollars. Ecuador currently has no financing options on international markets, as the country’s risk is close to 1,900 points.

There were several of them today presentations on how to deal with the problems of vulnerable groups region of. In this sense, the first panel concluded that gender, race, ethnicity, ability, sexual orientation and gender identity continue to limit the rights and opportunities of Latin Americans. This agenda is believed to require the cooperation of the public and private sectors in order to confront them.

About the topic, Maité Lourenco, founder of Black Rocks, He assured that “structures must be thoroughly mobilized to provide opportunities to disadvantaged groups. Investment funds intended for these groups create opportunities for their business and help them avoid the existing investment gap”.

for his part, Ximena Serrano, Gender, Diversity and Inclusion Officer at IDB Invest, He believed that what our region needs to increase gender equality and include different populations is “directing actions with intention, focus and inclusion of different perspectives in decision-making”.