The Minister of Economy, Juan Carlos Vega, begins this Monday, January 22, 2024 with a series of meetings with United States government authorities, credit organizations and investors to examine financing options that support social projects, the protection of the most vulnerable groups and economic reactivation.

The meetings will be telematic and the minister will attend them from Quito, “due to the priority in solving the emergency situation due to the internal conflict”. They will be held throughout the week, and Deputy Minister of Economy Ana Cristina Avilés will attend certain working meetings in Washington, reported the State Portfolio.

The Ministry of Economy and Finance indicated that “the government of President Daniel Noboa is working on a solid economic plan that seeks to ensure the well-being of all Ecuadorians and gain the support of the international community.”

Ecuador is facing a complicated situation on several fronts, one of which is fiscal. The projected shortfall is $5,500 million for 2024, but to this is added arrears of about $4,000 million, which include payments to, for example, social security, suppliers, decentralized autonomous governments (GADs), among others. The country will also pay another $5,000 million in debt amortization (capital payments, between the internal debt of $2,500 million and the external debt of $2,500 million). Of that, only the International Monetary Fund (IMF) has to pay 500 million dollars.