Inmobiliar will receive 19,661 assets by the BCE

The Real Estate Management Service of the Public Sector (Inmobiliar), created in 2008 to manage state assets of Ecuador, will receive 19,661 properties of the Central Bank of Ecuador (BCE for its Spanish acronym) which will be added to the 20,653 that are already registered.

President Rafael Correa explained during the last Weekly Address that there are underutilized sites. He cited the example ofparking lots in strategic areas of Quito.

For this reaso, he ordered the sale of properties that are not productive. One of the entities that most properties have is the BCE, which has been criticized repeatedly by the President. Some properties have been used in favor of citizenship, but there are still thousands more that will be granted to Inmobiliar and the Ministry of Agriculture.

Before the complaint of the President, Inmobiliar clarified that the declaration of unproductiveness occurs when these are not used by the public service.

Many of these properties would be sold, said Correa, with the aim that the resources serve the country. In order to comply with this process, the Real Estate Management Service  will be governed by the provisions of the current legislation, which allows the publication of sales by the media .. The sale shall be of free participation.

“Our priority is to sell. (…) Many (of the land) is used as parking lots of the public sector. The most expensive parking lots servicein the country and history,” Correa said.