Regulatory Alerts2025-01-01 | JPRM-2025-010-GJPRM-2025-010-G — Authorize the Ministry of Production, Foreign Trade, Investments and Fisheries to Open and Maintain an Account at BANECUADOR B.P.
The Monetary and Financial Policy Board (JPRM) authorized the Ministry of Production, Foreign Trade, Investments and Fisheries (MPCEIP) to open and maintain a special checking account at BANECUADOR B.P. for managing co-financing funds under the EMPRENDER project. This exception to the general rule requiring public resources to be held at the Central Bank was granted following a favorable report from the Ministry of Economy and Finance. The resolution mandates that the MPCEIP administer the account and close it upon the project's completion, while notifying both the Ministry of Economy and Finance and the Central Bank of the account's opening and closing dates.
Share