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https://mundo.sputniknews.com/20210910/caf-aprueba-credito-de-250-millones-para-apoyar-a-reactivacion-economica-en-ecuador-1115951013.html
CAF approves $ 250 million loan to support economic reactivation in Ecuador
CAF approves $ 250 million loan to support economic reactivation in Ecuador
QUITO (Sputnik) – The Development Bank of Latin America, formerly known as the Andean Development Corporation (CAF), approved a credit line of 250 … 09.09.2021, Sputnik Mundo
2021-09-10T23:26+0000
2021-09-10T23:26+0000
2021-09-10T23:26+0000
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The resources will be destined to reactivation of production, strengthening of social protection and support for the sustainability of public finances. “This new support will allow to expand the coverage of social assistance programs, guarantee the reactivation of production with social inclusion and fiscal sustainability, as well as how to consolidate dollarization to lay the foundations for lasting growth that benefits all Ecuadorians, “says the executive president of CAF, Sergio Díaz-Granados, in the statement. In the area of productive reactivation, resources will go to programs with an emphasis on in improving competitiveness for sustainable economic development and inclusive and solidary growth. The strengthening of the social protection system will be aimed at the sectors most affected in their subsistence economy, promoting measures to safeguard the income of the most vulnerable households, he adds. the text Supporting the sustainability of public finances b usca guarantee a sustainable path of debt to consolidate confidence in macroeconomic stability and the consolidation of the dollarization regime.In Ecuador, the entity has among its priorities the consolidation of the sustainability of the economic system, the boost to productivity, competitiveness for growth with equity and social inclusion, says the statement.During the 2016-2020 five-year period, the agency approved credit and technical cooperation operations for Ecuador for a total of 4,380 million dollars and disbursed 3,707 million dollars.
https://mundo.sputniknews.com/20210902/presidente-de-ecuador-busca-tratados-de-libre-comercio-con-rusia-y-otras-grandes-economias-1115699405.html
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QUITO (Sputnik) – The Development Bank of Latin America, formerly known as the Andean Development Corporation (CAF), approved a $ 250 million credit line for Ecuador, the multilateral entity reported in a statement.
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“CAF – Development Bank of Latin America – approved a loan for 250 million dollars in favor of Ecuador, with the aim of supporting government policies and helping to stabilize the economy, after the deep recession caused by the health emergency generated by the COVID-19 pandemic, “says the text.
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The resources will be used to reactivate production, strengthen social protection and support the sustainability of public finances.
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“This new support will allow expanding the coverage of social assistance programs, guaranteeing the reactivation of production with social inclusion and fiscal sustainability, as well as consolidating dollarization to lay the foundations for lasting growth that benefits all Ecuadorians,” he says in the CAF Executive President Sergio Díaz-Granados announced.
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In the area of productive reactivation, resources will go to programs with an emphasis on improving competitiveness for sustainable economic development and inclusive and supportive growth.
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The strengthening of the social protection system will be aimed at the sectors most affected in their subsistence economy, promoting measures to safeguard the income of the most vulnerable households, the text adds.
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Support for the sustainability of public finances seeks to guarantee a sustainable debt trajectory to consolidate confidence in macroeconomic stability and the consolidation of the dollarization regime.
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In Ecuador, the entity has among its priorities the consolidation of the sustainability of the economic system, the promotion of productivity, competitiveness for growth with equity and social inclusion, the statement said.
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During the 2016-2020 five-year period, the agency approved credit and technical cooperation operations for Ecuador for a total of 4,380 million dollars and disbursed 3,707 million dollars.
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September 2, 23:04 GMT
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