Ecuador will use multilateral organizations’ support to reactivate its economy

Minister of Economy Simón Cueva said that international organizations' funds will be transferred to the National Financial Corporation and the National Corporation of Popular and Solidarity Finance.

RIO DE JANEIRO, BRAZIL - The government of Ecuador on Monday (12) announced that it will design strategies to promote credit aimed at reactivating the national economy, thanks to the commitment of several multilateral organizations that have offered their support.

"Credit is required to reactivate the economy; credit to build housing, for the agricultural sector, for micro-enterprises, entrepreneurs and industrialists," said Ecuadorian President Guillermo Lasso, who led a meeting with officials from public financial institutions.

"We will analyze the balance of public financial institutions and define the first strategic lines" in this field, Lasso added during the meeting.

In statements . . .

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