Regulatory Alerts2022-01-01 | JPRF-G-2022-051Resolution No. JPRF-G-2022-051 — Approval of the First Reform to the Budget of the Development Bank of Ecuador B.P. for the 2022 Fiscal Year
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-G-2022-051 to approve the first budget reform for the Development Bank of Ecuador (BDE) for the 2022 fiscal year. This approval follows a request from the BDE General Manager, submitted via Office No. BDE-BDE-2022-0440-OF on November 30, 2022, which exceeded statutory thresholds for budget modifications. The resolution was adopted during an extraordinary session held on December 22, 2022, based on technical and legal reports confirming compliance with the Organic Code of Monetary and Financial matters.
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