The Minister of Economy, Simón Cueva, and the executive president of CAF, Sergio Díaz Granados, signed agreements for USD 325 million. The resources will be allocated to the vaccination plan and the productive reactivation.
The two entities signed the agreements for two loans that reach the aforementioned amount to strengthen the public health system and support the sustainability of public finances.
The first loan is for USD 75 million and is intended for the purchase of vaccines certified by the country’s regulatory bodies, but also the resources will be used to strengthen and update the logistics chain necessary for immunization and the development of information systems. and registration.
The remaining USD 250 will be used to support the sustainability of public finances and guarantee a sustainable debt trajectory; promote the reactivation of production and a social protection system aimed at the sectors most affected by the pandemic. On this last point, the entities agreed on the expansion of conditional cash transfer programs.
Díaz Granados pointed out that with these loans they hope to support the fiscal management of the Government of Ecuador and contribute to promoting the availability and timely execution of public resources to face current challenges.
He commented that, in the same way, they will continue to offer financing facilities to support the management that the authorities are carrying out with their vaccination plans and the strengthening of the health sector, in order to improve the well-being of the population.
CAF’s strategy in Ecuador is to consolidate fiscal stability; promote the promotion of employment, productivity and competitiveness of the country; and social inclusion, with an emphasis on the poorest population.
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