Loans for about 110 million dollars were granted in the manufacture sector, 44,5 million for the construction sector, 32,1 million for agriculture, 25,3 million for fishing, 24,7 million for tourism and 6,1 million for other sectors.
Andres Mideros, Secretary of the Presidency, Etzon Romo, National Planning and Development Secretary, minister of Labor Raul Ledesma and President of the Board of Directors of the Coordinating Company of Public Companies Edison Garzon made the announcement during a press conference.
Brazil’s ambassador to Ecuador, Carlos Lazary, said trade relations between both countries can be strengthened to double its amount from one to two billion dollars.
According to analysts, many measures announced by President Moreno will contribute to the productive sector.
Ecuadorian minister of Economy reiterated that taxes will not be raised in the country.
According to him, some of the measures to be adopted include reducing fiscal deficit, greater efficiency in tax collection, reducing public spending and looking for better funding conditions.
During the event, they agreed on fostering technical cooperation in favor of Ecuador in the areas of geology, mining, metal, environmental remediation, agriculture, conventional and Paralympic sports, electronic government and systems of land and geospatial information, among others.
“In 2017, the Ecuadorian economy reported a growth of 3,0%. Such dynamism is mainly due to the increase in household consumption, government spending and exports,” reads the report from BCE.
“This economic plan does not include price hikes as those announced before holidays in the past nor will it affect the poorest in the country,” said the chief of state.
Unemployment evolution in the last 5 years went from 4,2% in 2013 to 4,6% in 2017, the highest level was reported in 2016 with 5,2%.