Regulatory Alerts2022-01-01 | JPRF-F-2022-036Resolution No. JPRF-F-2022-036 — Determination of Interest Rate for Credit Operations for Redistribution of State Rural Lands to Family Farming and Solidarity Economy Sectors
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-F-2022-036 to establish a specific interest rate framework for credit operations supporting the redistribution of state rural lands. The resolution amends Article 28 of the Monetary and Financial Code Codification to set a preferential rate for family farming and solidarity economy sectors that is freely contracted but cannot exceed the legal interest rate. This measure implements Article 10 of the Organic Law of Rural Lands and Ancestral Territories, aiming to facilitate land regularization and production while maintaining financial stability.
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