Reorienting the credit, a priority for the Financial Monetary Board

The reorientation of credit and the charging mechanism of the 0.5% tax credits that would pay are the priority issues on the agenda of the Monetary and Financial Regulatory Board, which met on September 29 for the first time. The authorities did had their first meeting in the building where the Numismatic Museum works, in the center of Quito.

The Coordinating Minister for Economic Policy and who presides the Board, Patricio Rivera, explained that the agenda of the Board has two main themes. The first is the regulation for credit orientation. “How to make certain credits as the productive be more attractive and others as conspicuous consumption less attractive.” Thus in the next session rules will be addressed to regulate bank reserves, liquidity, technical equity, the interest rates, among others.