Regulatory Alerts2024-01-01 | JPRM-2024-020-GJPRM-2024-020-G — Authorize the Ministry of Production, Foreign Trade, Investments and Fisheries to open a yen account at MUFG Bank Ltd., Tokyo, Japan, to receive a donation from the Government of Japan to the Republic of Ecuador
The Monetary Policy and Regulation Board (JPRM) authorized the Ministry of Production, Foreign Trade, Investments and Fisheries to open a yen-denominated account at MUFG Bank Ltd. in Tokyo, Japan, to receive a donation from the Government of Japan for the 2023 Economic and Social Development Program. This authorization was granted following favorable reports from the Ministry of Economy and Finance and the Central Bank of Ecuador, in accordance with existing regulations governing foreign accounts for public sector entities. The Ministry assumes full responsibility for managing the account, administering the resources, and ensuring the fulfillment of the donation's objectives while complying with all applicable regulatory requirements.
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