Resolution No. JPRFM-2026-014-A: Appointment of Juan Israel Berrezueta Pumacuro as Secretary of the Financial and Monetary Policy and Regulation Board

RESOLUTION No. JPRFM-2026-014-A
THE FINANCIAL AND MONETARY POLICY AND REGULATION BOARD

CONSIDERING:

That, Article 226 of the Constitution of the Republic of Ecuador prescribes that public servants 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 instrument states that Public Administration constitutes a service to the community governed by the principles of effectiveness, efficiency, quality, hierarchy, coordination, planning, among others;

That, the first paragraph of Article 303 of the constitutional norm determines that the formulation of monetary, credit, exchange, and financial policies is the exclusive faculty of the Executive Branch;

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

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

That, the third-to-last paragraph of Article 13 of the same instrument establishes that the Financial and Monetary Policy and Regulation Board shall have a Secretariat, with sufficient equipment and personnel to fulfill its functions, independently of the Technical Secretariat;

That, paragraph 4 of Article 17 of the cited legal body provides that among the general functions of the Financial and Monetary Policy and Regulation Board is to appoint the Secretary of the Board;

RESOLUTION No. JPRFM-2026-014-A

That, Article 24 of the same Code provides that the acts of the Financial and Monetary Policy and Regulation 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 25.2 of the same instrument determines that the Technical Secretariat of the Financial and Monetary Policy and Regulation Board is exercised by the Central Bank of Ecuador, and Article 25.3 establishes as its functions the preparation of technical and legal reports that support regulation proposals, provide technical and administrative support to the Financial and Monetary Policy and Regulation Board, and any other functions assigned to it by said Board;

That, the First Transitory Provision of the Organic Law Reforming the Organic Code of Monetary and Financial Law determines that the members of the Financial and Monetary Policy and Regulation Board, sworn in on September 16, 2025, by the National Assembly, shall continue to exercise their functions for the periods for which they were designated and shall maintain their labor continuity and acquired rights;

That, through Office No. T.233-SGJ-25-098, dated 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 designation of the Members of the Financial and Monetary Policy and Regulation 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, designated and swore in the members of the Financial and Monetary Policy and Regulation Board, in the persons of: Gustavo Estuardo Camacho Dávila; Silvia Daniela Moya Arteta; Roberto Javier Basantes Romero; and, María Isabel Camacho Cárdenas;

That, the Financial and Monetary Policy and Regulation Board, through ordinary session No. 008-2026, under hybrid modality, on March 23, 2026, reviewed the proposal sent via Memorandum No. BCE-BCE-2026-0096-M, dated March 19, 2026, by the General Manager of the Central Bank of Ecuador to the President of the Financial and Monetary Policy and Regulation Board; as well as, Technical Report No. BCE-SATH-106-2026, dated March 18, 2026; and, Legal Report No. BCE-GJ-029-2026, dated March 19, 2026; and,

In exercise of its functions and in attention to Article 24 of the Organic Code of Monetary and Financial Law, the Financial and Monetary Policy and Regulation Board,

RESOLVES:

Sole Article. - Appoint lawyer Juan Israel Berrezueta Pumacuro as Secretary of the Financial and Monetary Policy and Regulation Board, who shall hold the position at the free discretion of the appointing authority, in accordance with current regulations.

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

Ensure its publication on the institutional website, to the General Secretariat of the Central Bank of Ecuador.

COMMUNICATE AND PUBLISH. - Given in the city of Guayaquil, on March 23, 2026.

THE PRESIDENT
Mgs. Gustavo Estuardo Camacho Dávila

The resolution above was processed and signed by Master Gustavo Estuardo Camacho Dávila - President of the Financial and Monetary Policy and Regulation Board, in the city of Guayaquil, on March 23, 2026.- I CERTIFY.
TECHNICAL SECRETARIAT
Mgs. Jennifer Mishel Carrillo Rosales