Ecuador declares social interest loans a national priority

Quito, 11 Dec. (EFE) .- The government of Ecuador has declared the granting of social interest loans at 1% annual interest a “national priority”, one of the campaign offers of the current head of state , Guillermo Lasso, came to power the last May.

The declaration was made by the governor with the signing on Friday of a decree in which he specifies that the granting of these credits will be for a period of 30 years, through the intermediary of public banks, according to the document which has been circulated. this Saturday.

The document provides that the members of the board of directors of BanEquador decide on the authorization of their managing director, so that he can ask the Council of financial policy and regulation to set this new interest rate.

In addition, it is ordered to establish a partial grant in accordance with the amounts supported in the technical reports and which are not covered by the rate of 1%, to cover the operating and financial costs and expenses required by these types of credits.

He specifies that the grant application must be submitted by BanEquador to the Ministry of Economy and Finance.

On the other hand, the head of state indicated on Twitter on Friday that he would make an important announcement on the issue of wages next Monday, an issue that was left in the hands of the Ministry of Labor after the sectors concerned had not met. not agreed lately. meetings.

“This Monday, we will make an important announcement on the issue of wages. Stay tuned, it will be a big surprise for all Ecuadorians, ”he wrote on the aforementioned social network.

(c) EFE Agency

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