The Minister of Economy and Finance, Simón Cueva, together with other authorities of the Ecuadorian State, held a working meeting this afternoon with the mission of the International Monetary Fund (IMF), starting the fourth review that this multilateral organization will make to the Extended Service program (SAF) that it has maintained with the country since September 2020.
The mission of the IMF, led by Ceyda Oner, will hold a series of meetings with the technical teams over the next few days of different public, private and civil society Ecuadorian institutions.
This inaugural meeting, which took place virtually, was attended by more than the representatives of this State portfolio, authorities from the Ministries of Economic and Social Inclusion, Labor and Production, Foreign Trade, Investments and Fisheries; Superintendencies of Banks and Popular and Solidarity Economy; Financial and Monetary Policy and Regulation boards; BanEcuador, National Financial Corporation, Cosede, National Public Procurement Service, National Statistics and Census Institute, General Comptroller of the State, Financial and Economic Analysis Unit, Internal Revenue Service, Development Bank; Social Security entities, Petroecuador, among others.
the minister Cueva welcomed the mission that will carry out the fourth revision in a hybrid way: one part remotely and the other face-to-face. According to Minister Cueva, this work It could last until March 18 approximately.
From what is known, Ecuador has positively fulfilled the goals established within the financial agreement, so it is to be expected that after the fourth review, and the favorable report of the IMF technical team, the executive board approves a disbursement of at least $700 million, in the next few weeks. These resources would be the balance corresponding to the year 2021. While for 2022, the year in which the agreement ends, $1,000 million more are expected.
According to the Ministry, the support of the international community for Ecuador has been generated by the serious and transparent economic management carried out by the National Government, with access to financing in beneficial conditions.
Source: Eluniverso
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