Bogotá, Dec. 7 (EFE) .- The Development Bank of Latin America-CAF and the Ministry of Finance of Ecuador on Tuesday signed two loans for a total of $ 325 million to support the vaccination plan against covid-19 and reactivation of the production economic situation.
“With these financial resources, we hope to support the fiscal management of the national government and help promote the availability and timely execution of public resources,” CAF Executive President Sergio Díaz-Granados said during the council. administration of CLXXIII. the Bank held today in the Colombian city of Cartagena de Indias.
The first loan, of $ 75 million, is intended for the government to acquire “effective, effective and safe” vaccines against covid-19, as well as to strengthen the logistics of vaccination, according to CAF in a statement.
“We continue to offer agile and efficient financing facilities to support the management that the authorities lead in their immunization plans and the strengthening of the health sector, to improve the well-being of the population”, explained Díaz-Granados .
The second loan, amounting to 250 million dollars, “aims to support the sustainability of public finances and to guarantee a sustainable debt trajectory which helps to consolidate confidence in macroeconomic stability”, according to the financial organization.
This credit will therefore be intended to promote the reactivation of production for “sustainable economic development and inclusive and inclusive growth”, as well as to strengthen the social protection system, so that it affects the affected sectors in their subsistence economy. . .
CAF’s strategy in Ecuador has among its priorities the consolidation of the sustainability of the economic system, the promotion of productivity and competitiveness for growth with equity and social inclusion.
During the 2016-2020 five-year term, CAF approved credit and technical cooperation operations in favor of Ecuador for a total amount of $ 4,380 million.
Likewise, the total disbursements during this period amounted to $ 3,707 million and the Andean country’s portfolio at the end of August 2021 reached a total of $ 3,859 million.
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