Regulatory Alerts2022-01-01 | JPRF-G-2022-015Resolution No. JPRF-G-2022-015 Approves the 2022 Budget of the Development Bank of Ecuador B.P.
The Financial Policy and Regulation Board (JPRF) of Ecuador issued Resolution No. JPRF-G-2022-015 to formally approve the 2022 budget for the Development Bank of Ecuador (BDE). This resolution mandates that the approved budget, detailed in Annex No. 1, becomes effective on January 1, 2022, and requires the BDE to execute it in compliance with public finance laws. Additionally, the BDE is ordered to submit the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days and regularize any prior budgetary movements during the first month of execution.
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