Resolution No. JPRFM-2026-041-A: Review of the Institutional Strategic Plan, Annual Operational Plan, and Budget Execution Report for the Second Quarter of 2026 of the Central Bank of Ecuador

RESOLUTION No. JPRFM-2026-041-A
THE FINANCIAL AND MONETARY POLICY AND REGULATION BOARD CONSIDERING:
That, the Constitution of the Republic of Ecuador, in Article 226, prescribes that public servants and persons acting under a state authority shall exercise only the competencies and powers attributed to them in the Constitution and the Law; That, Article 227 of the same 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 clause 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 Function and will be implemented through the Central Bank of Ecuador; That, on October 13, 2025, the Organic Law Reforming the Organic Monetary and Financial Code was published in the Sixth Supplement of Official Register No. 142; That, Article 13 of the Organic Monetary and Financial Code creates the Financial and Monetary Policy and Regulation Board, part of the Executive Function, 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 services policy and regulation. The Financial and Monetary Policy and Regulation Board will be the highest governing body of the Central Bank of Ecuador; That, Article 17 of the referred Code, in its pertinent part, determines that:
"(...) All norms and policies issued by the Financial and Monetary Policy and Regulation Board in the exercise of its functions, duties, and powers must be supported by duly substantiated technical and legal reports (...)"; That, Article 19, numbers 3 and 13 of the Organic Monetary and Financial Code establish as functions of the Financial and Monetary Policy and Regulation Board, in the monetary sphere, to supervise the compliance of the Central Bank of Ecuador's functions; and to approve the budget of the Central Bank of Ecuador and supervise its execution; 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 will be expressed through resolutions that will have binding force, which will 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 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 to provide technical and administrative support to the Financial and Monetary Policy and Regulation Board and the others assigned to it by said Board; That, Article 34 of the same norm establishes that: "By November of each year, the Financial and Monetary Policy and Regulation Board will approve the annual budget of the following economic year of the Central Bank of Ecuador (...)"; That, General Provision Twenty-Ninth of the Organic Monetary and Financial Code states: "In current legislation where mention is made, indistinctly, of the Financial and Monetary Policy and Regulation Board, the Monetary Policy and Regulation Board; or, the Financial Policy and Regulation Board, replace and understand as 'Financial and Monetary Policy and Regulation Board'; That, by Resolution No. JPRFM-2025-009-G, of November 27, 2025, the Financial and Monetary Policy and Regulation Board approved the budget of the Central Bank of Ecuador corresponding to the 2026 economic year. Likewise, Article 3 of the aforementioned resolution provides that: "The General Manager of the Central Bank of Ecuador will bring to the knowledge of the Financial and Monetary Policy and Regulation Board, the progress in the execution of the budget being approved by this instrument, on a quarterly basis, as well as the compliance with the Annual Operational Plan and the progress of the Strategic Plan"; That, First Transitional Provision of the Organic Law Reforming the Organic Monetary and Financial Code determines that the members of the Financial and Monetary Policy and Regulation Board, sworn in on September 16, 2025 by the National Assembly, will continue to exercise their functions for the periods for which they were designated and will maintain their labor continuity and acquired rights; That, by Office 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, sent the list of candidates for the designation of the Members of the Financial and Monetary Policy and Regulation Board; 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, in ordinary session No. 019-2026, under electronic (asynchronous) modality, on September 11, 2026, reviewed the proposal sent via Memorandum No. BCE-BCE-2026-0336-M, of August 5, 2026, by the General Manager of the Central Bank of Ecuador to the President of the Financial and Monetary Policy and Regulation Board, with the Quarterly Technical Report No. BCE-SFINF-059-2026 / BCE-SPP-INF-018-2026, of July 30, 2026; as well as, the Legal Report No. BCE-GJ-081-2026, of August 4, 2026; and, In the exercise of its functions and in attention to Article 24 of the Organic Monetary and Financial Code, the Financial and Monetary Policy and Regulation Board,

RESOLUTION No. JPRFM-2026-041-A
RESOLVES:
Article 1.- Review the progress in the execution of the budget approved by the Financial and Monetary Policy and Regulation Board, as well as the compliance with the Annual Operational Plan and the progress of the Strategic Plan, contained in the Quarterly Technical Report No. BCE-SF-INF-059-2026 / BCE-SPPINF-018-2026, of July 30, 2026, presented by the Central Bank of Ecuador.
Article 2.- Order the Central Bank of Ecuador to monitor the execution schedules of the operational planning of institutional projects and budgetary execution for the compliance of corrective, preventive, and strengthening actions presented, in order to ensure the compliance of the institutional goals foreseen for the 2026 economic year, which will be brought to the knowledge of the Financial and Monetary Policy and Regulation Board, in the next quarterly report.
FINAL PROVISION. - This resolution will enter into force from its issuance, without prejudice to its publication in the Official Register.
Entrust its publication on the institutional website to the General Secretariat of the Central Bank of Ecuador.
NOTIFY AND PUBLISH. - Given in the city of Quito D.M., on September 11, 2026.
THE PRESIDENT
Mgs. Gustavo Estuardo Camacho Dávila
The aforementioned resolution was processed and signed by Master Gustavo Estuardo Camacho Dávila - President of the Financial and Monetary Policy and Regulation Board, in the city of Quito D.M., on September 11, 2026.- I CERTIFY.
TECHNICAL SECRETARIAT
Abg. Ninoska Geovanna Ceballos Pin