Resolution No. JPRFM-2025-013-A: Acceptance of Voluntary Resignation of General Manager Guillermo Enrique Avellán Solines and Appointment of Interim General Manager

RESOLUTION No. JPRFM-2025-013-A
FINANCIAL AND MONETARY REGULATORY POLICY BOARD

CONSIDERING:

That, Article 226 of the Constitution of the Republic of Ecuador stipulates that public officials and persons acting by virtue of state authority shall exercise only the competencies and powers attributed to them in the Constitution and the Law;

That, Article 227 of the same Constitution states that Public Administration constitutes a service to the community governed by the principles of efficiency, quality, hierarchy, coordination, planning, among others;

That, on October 13, 2025, the Organic Reformatory Law of the Monetary and Financial Code was published in the Sixth Supplement of the Official Register No. 142;

That, Article 13 of the Monetary and Financial Code creates the Financial and Monetary Regulatory Policy Board, part of the Executive Branch, as an entity with functional, technical, and institutional autonomy, and in its decisions, responsible for formulating monetary, credit, financial, securities, insurance, and prepaid comprehensive health care services policy and regulation. The Financial and Monetary Regulatory Policy Board shall be the highest governing body of the Central Bank of Ecuador;

That, numeral 4 of Article 17 of the same Code, regarding the general functions of the Board, establishes: “3. Appoint the General Manager of the Central Bank of Ecuador and supervise their management; (...)”;

That, Article 24 of the same Code provides that the acts of the Financial and Monetary Regulatory Policy Board enjoy the presumption of legality and shall be expressed through resolutions that shall have mandatory force, which shall govern from their publication in the Official Register, or from the date of their issuance when so determined by the Board, in accordance with the subject matter;

That, Article 51 supra determines: “Officials, servants, and workers of the Central Bank of Ecuador shall be subject to the provisions of the Organic Law of Public Service and the Labor Code, as applicable”;

That, Article 47 of the Organic Law of Public Service states that a public servant shall cease definitively in their functions, among other reasons, by voluntary resignation formally presented;

That, Article 102 of the General Regulation of the Organic Law of Public Service, regarding the cessation of functions due to voluntary resignation, states: “The servant who voluntarily wishes to separate from their position must communicate in writing to the appointing authority their decision at least fifteen days in advance of the departure date. If the appointing authority does not pronounce itself regarding the same within said period, it shall be considered accepted for the pertinent legal purposes. The appointing authority may accept the resignation immediately after it is presented”;

That, by Resolution No. JPRM-2022-022-A, of September 19, 2022, the former Monetary and Regulatory Policy Board appointed Master Guillermo Enrique Avellán Solines as General Manager of the Central Bank of Ecuador;

That, by Memorandum No. BCE-GG-2025-004-M, of November 5, 2025, received by the President of the Financial and Monetary Regulatory Policy Board, Master Guillermo Enrique Avellán Solines presented his voluntary resignation from the position of General Manager of the Central Bank of Ecuador, attaching his management report;

That, by Letter No. T.233-SGJ-25-098, of September 5, 2025, signed by the Constitutional President of the Republic, addressed to the President of the National Assembly, the list of candidates for the appointment of Members of the Financial and Monetary Regulatory Policy Board was sent; as well as the temporality of their stay within the initial period;

That, the Plenary of the National Assembly, on September 16, 2025, appointed and swore in the members of the Financial and Monetary Regulatory Policy Board, in the persons of: Gustavo Estuardo Camacho Dávila; Silvia Daniela Moya Arteta; Roberto Javier Basantes Romero; María Isabel Camacho Cárdenas; and, Jeniffer Nathaly Rubio Abril;

That, the Financial and Monetary Regulatory Policy Board, through ordinary session No. 006-2025, under mixed modality, on November 27, 2025, reviewed Memorandum No. BCE-GG-2025-004-M, of November 5, 2025; and,

In exercise of its functions and in accordance with Article 24 of the Monetary and Financial Code, the Financial and Monetary Regulatory Policy Board,

RESOLVES:

Article 1.- Accept the voluntary resignation formally presented by Master Guillermo Enrique Avellán Solines, who will provide his services until November 28, 2025; and, approve his management report, to whom gratitude is expressed for the valuable services rendered to the country, in his capacity as General Manager of the Central Bank of Ecuador.

Article 2.- Entrust the General Manager of the Central Bank of Ecuador to Master Jorge Alberto Ponce Donoso, until the appointment of its holder by the Financial and Monetary Regulatory Policy Board.

FINAL PROVISION. - This resolution shall enter into force from its issuance, without prejudice to its publication in the Official Register.

The publication of this resolution on the institutional website is entrusted to the General Secretariat of the Central Bank of Ecuador.

COMMUNICATE AND PUBLISH. - Given in the city of Quito D.M., on November 27, 2025.

THE PRESIDENT
Master Gustavo Estuardo Camacho Dávila

The resolution above was processed and signed by Master Gustavo Estuardo Camacho Dávila - President of the Financial and Monetary Regulatory Policy Board, in the city of Quito D.M., on November 27, 2025.- I CERTIFY.
TECHNICAL SECRETARIAT
Bachelor Julio Fernando Moya Jarrín