Regulatory Alerts2024-01-01 | JPRF-G-2024-0115JPRF-G-2024-0115 — Approves BanEcuador's 2024 Budget
The Financial Policy and Regulation Board (JPRF) of Ecuador issued Resolution JPRF-G-2024-0115 on July 1, 2024, to formally approve the 2024 institutional budget for the public financial entity BanEcuador B.P. The resolution mandates that BanEcuador comply with specific budget execution controls, including monitoring funding sources and portfolio targets, and requires the submission of the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days. This approval is based on the budget proforma submitted by BanEcuador in June 2024 and includes a detailed comparative annex of financial projections for the fiscal year.
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