Regulatory Alerts2022-01-01 | JPRF-G-2022-014JPRF-G-2022-014 — Approves Third Reform to the 2021 Budget of the Development Bank of Ecuador B.P.
The Financial Policy and Regulation Board (JPRF) issued Resolution No. JPRF-G-2022-014 to approve the Third Budget Reform for the Development Bank of Ecuador (BDE) for the year 2021. This approval is mandatory because the proposed modifications exceed the statutory thresholds of 5% for the policy budget and 10% for the operational budget, requiring JPRF authorization under public financial management norms. The resolution mandates the BDE to implement these adjustments in its financial management system to ensure operational continuity and efficient resource use during the 2021 budget closure.
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