Regulatory Alerts2024-01-01 | JPRF-G-2024-0113JPRF-G-2024-0113 — Approves the Budget of the Development Bank of Ecuador B.P. for the 2024 Economic Year
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-G-2024-0113 to formally approve the 2024 institutional budget for the Development Bank of Ecuador B.P. for the period spanning January 1 to December 31, 2024. The resolution mandates the bank to strictly monitor funding sources, portfolio placement and recovery targets, and public sector resource mobilization while adhering to established public financial sector budget execution controls. Furthermore, the bank must submit the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days of issuance, and the resolution takes immediate effect upon publication.
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