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Government suppresses Senplades and creates Technical Secretariat Plans Ecuador
Posted On 14 May 2019
Ecuadornews:
President Lenin Moreno signed Executive Decree 732 with which he suppresses the National Secretariat of Planning and Development (Senplades) and creates the Technical Planning Secretariat “Plan Ecuador”, attached to the Presidency of the Republic.
This Secretariat will be responsible for national planning in an integral manner and will exercise the Technical Secretariat of the National Decentralized Participatory Planning System.
The Decree also transfers from the Senplades to the General Secretariat of the Presidency all the attributions of the process of institutional design of the entities and instances of the Executive Function and to the Coordinating Company of Public Companies (EMCO) the strategic planning of the public companies.
This suppression is part of the process of institutional optimization within the government’s plan to reduce the size of the State.
8. Since April 24 this year, the Banco del Instituto Ecuatoriano de Seguridad Social (Biess) stopped financing 100% of the cost of social housing, now the maximum amount it will cover will be 85%. The resolution came into effect after the state bank reformed its credit manual, to put new conditions on the delivery of loans.
According to the new norm, the “Casa Biess” product, which pays for homes between $ 10,000 and $ 100,000, will now have financing of up to 85%; the “Pluss Biess house” (between $ 100,000 and $ 150,000), 80% and the “Casa Mega Biess” (from $ 150,000 to $ 200,000), of 75%.
The resolution is valid, but the Biess establishes a period of 6 months to finalize its implementation. The rule, as clarified, will not affect the procedures that have already obtained the final credit rating.
However, the reform is questioned by representatives of the Association of Real Estate Developers of Housing of Ecuador (Apive), because it would void more than 10,000 promises of purchase and sale that, until last week, the sector managed to close, in base to a prequalification of the Biess that, in previous months, came to be calculated under the previous conditions.
The measure, the union maintains, would not only be affecting a significant amount in sales, but discouraging investment within a sector that is still in recovery.
