Regulatory Alerts2024-01-01 | JPRM-2024-019-MJPRM-2024-019-M — Reforming the Central Bank of Ecuador's Services Policy for Operations with the Exterior
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2024-019-M to reform the Central Bank's services policy for external operations. The resolution authorizes non-financial public sector entities to open, maintain, and manage accounts abroad to receive donations from foreign governments and international organizations, subject to prior favorable reports from the public finance regulator and the Central Bank. These entities retain full control and responsibility for the accounts and must report their opening and closure to the Ministry of Economy and Finance and the Comptroller General.
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