Regulatory Alerts2024-01-01 | JPRF-G-2024-0111Resolution No. JPRF-G-2024-0111 Approves the Budget of the National Corporation of Popular and Solidarity Finance for the 2024 Fiscal Year
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-G-2024-0111 to formally approve the 2024 budget for the National Corporation of Popular and Solidarity Finance (CONAFIPS). The resolution mandates that CONAFIPS strictly monitor budget execution metrics, including funding sources, loan placement targets, and operational expenses, while requiring the submission of the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days. This regulatory action establishes the financial framework for CONAFIPS for the period from January 1 to December 31, 2024, ensuring compliance with national financial governance standards.
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