Regulatory Alerts2022-01-01 | JPRM-2022-031-GJPRM-2022-031-G — Authorize the Ministry of Economy and Finance to Open, Administer, and Control the Yen Account at MUFG Bank Ltd. Tokyo
The Monetary and Regulatory Policy Board of Ecuador authorized the Ministry of Economy and Finance to open, administer, and control a yen-denominated account at MUFG Bank Ltd. Tokyo to manage a loan from the Japan International Cooperation Agency. This authorization supports the 'COVID-19 Crisis Response Emergency Support Loan' program, with the Ministry responsible for the account's execution and compliance. The resolution entered into force upon issuance on December 19, 2022, following favorable reports from the public finance regulator and the Central Bank.
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