The Finance Ministry chases more liquidity on the stock exchanges

Since the beginning of the year until July 19, the Ministry of Finance issued fresh papers for $ 1,813,000 in the Stock Exchange of Guayaquil (BVG) and the Stock Exchange of Quito (BVQ), for investment, in order to obtain the required liquidity. Its form of financing was through the Cetes (Treasury Certificates at the short-term). This was followed by coupons and government bonds.

The quest was more intense than last year. What is required in 2016 exceeds by 140% of what was required in 2015. The money has one goal: to fill gaps in the treasury, which has received a 15% less from tax revenues. Extraordinary payments for about 1,000 million dollars to Oxy add up, although the slight increase in oil prices gives some hope, but much of the production is already committed as mode of payment to China and Thailand.

Source: http://expreso.ec/economia/finanzas-gobierno-bolsadevalores-pagos-FX505373