The Minister of Economy and Finance, Mauricio Pozo, announced that the Government is negotiating a new external loan to cover the needs of the new Cabinet for the first month, although he did not specify from which body the money would be obtained, he indicated that they have several options.
Pozo indicated that they are in a transition process with the team of the President-elect, Guillermo Lasso, but he announced that they are doing all the steps so that the salaries for April and May are covered.
In the same way, he stated that they will pay all these obligations, including the bonds offered by President Moreno for: unemployment, first line and for those who earn the basic, until May 24.
On the other hand, the Minister of Finance announced that, for the moment, they do not have the disbursement that was planned by the International Monetary Fund (IMF); Since, the “Law for the Defense of Dollarization” has not yet been sent to the official registry and with that they would not be able to access the first disbursement of 2021, which is USD 400 million and should be delivered in the next month.
“Disbursements of USD 400 million in September and USD 700 million in December would remain pending. However, the new government may renegotiate goals, this may delay the delivery of the disbursement to June. Right now we are not counting on that money, we think it will enter the next administration ”.
Pozo was optimistic with this disbursement, because he had already spoken with Guillermo Lasso and his new economic team and they would have shown his approval of the economic program of the Moreno regime.
“If the program is maintained, which will surely be the case because I have spoken with the president-elect and his new economic team, it is to be expected that the program will continue and that the disbursement will arrive.”
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