Regulatory Alerts2022-01-01 | JPRF-G-2022-055Resolution No. JPRF-G-2022-055 Approves the Budget of the Development Bank of Ecuador B.P. for the 2023 Fiscal Year
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-G-2022-055 on December 29, 2022, to formally approve the 2023 budget for the Development Bank of Ecuador (BDE). This decision follows technical and legal reviews confirming the bank's request and aligns with constitutional mandates for public financial sector efficiency and transparency. The resolution mandates the BDE to execute the budget according to law and requires the submission of the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days.
Share