President Moreno highlights reactivation of the country in the midst of a pandemic

On the national network, the President of the Republic, Lenín Moreno, referred to several important points raised during the week. First, the President mentioned the agreements reached with the largest group of debt holders, which will allow the release of $ 16 billion in the next 10 years.

President Moreno highlights reactivation of the country in the midst of a pandemic

“That means that we will start paying that amount from 2030, when Ecuador has overcome this harsh crisis. In addition, the principal of the debt will drop by $ 1.5 billion, because we managed to lower the interest rate from 9.2% to 5.2% on average. We will have 5 years of grace to pay principal and two years to pay interest, ”he said.

In addition, he referred to the XX Meeting of the Andean Presidential Council, held virtually, in which Colombia assumed the pro tempore presidency of the Andean Community of Nations (CAN).

During the virtual meeting, Moreno stressed that “no country, regardless of its economic resources or size, will be able to remain isolated. The only way to control this pandemic and its consequences is together and in solidarity. We need to recoup investment, employment and trade. We must get back on track on the path of development. ”

Moreno presented his reactivation plan to the regional leaders through the Reactívate Ecuador program , assuring that “in just one month we have benefited more than a thousand companies. We deliver social support bonds to two million people ”.

The program, promoted by the National Government , already has more than 1,000 beneficiary owners of micro, small and medium-sized companies.

Alfredo Tufiño, owner of the Reshima hydraulic systems workshop, in Quito, agreed to a loan of $ 15,000 for a 36-month term , with an interest rate of 5% and a 6-month grace period.

Moreno visited the site and accompanied Tufiño to affix the seal that identifies the workshop as “Reactivated Business”.

“We are fulfilling our task of encouraging the economy to revive as soon as possible because this will allow us to keep jobs, so that people can continue earning their wages with dignity and that they bring well-being to their homes,” said the President. .

He was also at María Tapia’s bakery in Guayaquil. “This is how we reactivated Ecuador,” said the President during his visit to the Tapia premises, located in downtown Guayaquil.

On his visit to Napo, he highlighted the delivery  of property titles, farmer credits and food kits. During his visit, the Prime Minister, who was accompanied by the ad honorem president of the Inter-institutional Committee of the Whole Life Plan, Rocío González, thanked the agricultural sector for being the engine of the national economy and for its loyal work that did not stop during the pandemic.

“There is another first line: the farmers and ranchers, who did not stop providing us, under no circumstances, the essential food for those of us who were in quarantine,” he said.

He highlighted the measures that the National Government undertakes to strengthen the productive activity of this sector.

Through BanEcuador the placement of agile loans continues, with low rates, long terms and grace months; in order to decisively support the revival of the country’s economy and overcome the crisis caused by covid-19.

He also highlighted the  official delivery of the first 50 respirators  of the 250  donated  by the  United States Agency for International Development  (USAID) to Ecuador.

This donation is the result of  bilateral relations “based on mutual respect and the cooperation  established between Presidents Lenin Moreno and Donald Trump”, was indicated at the event.

He also highlighted the delivery of property titles to families in Mount Sinai. “For 15 or 20 years, the people of Mount Sinai have been pleading with governments to give them property titles, but that was not done because this issue was handled politically. We have not allowed that in our Government! Today, we are delivering approximately 3,500 property titles out of 7,000 in total. ”

On this occasion, the legalization of the land was granted to the families of Geoconda Pihuave, Ana Moreira, Liliana Torres and Pilar Solórzano, who were satisfied, because they finally obtained what they wanted for years ago.

“Thank God and the President of the Republic I already have my property title and now I am going to enjoy it with my family,” Pihuave said.

The delivery of titles is carried out by the Government of Guayas in coordination with the Ministry of Urban Development and Housing (Miduvi) and the Technical Secretariat of the Committee for the Prevention of Irregular Human Settlements.

The goal is to legalize 500 lots a month. From January to the present, nearly 3,500 property titles have been granted.

Despite the health emergency due to covid-19, this activity continues. Since last June, door-to-door delivery was resumed, to meet the goal set in early 2020. (I)