The Central Bank of Ecuador (BCE) launched the Initiative for the Construction of Ecuador’s Oceanic Thematic Account, a proposal aimed at strengthening economic statistics related to the marine and coastal sector and highlighting the contribution of oceanic natural capital to the country’s economic development. Ecuador’s Oceanic Thematic Account will measure and highlight the contribution of […]

The Financial and Monetary Policy and Regulation Board (JPRFM) issued the Regulation for Access to Financing for Women Entrepreneurs, a transformative regulation that facilitates access to credit for this segment of the population. The regulation establishes principles and guidelines for financial institutions in the public, private, and social and solidarity economy sectors to develop preferential […]

On March 5, 2026, at the Universidad Técnica Particular de Loja (UTPL), Quito campus, Gustavo Camacho, President of the Financial and Monetary Policy and Regulation Board (JPRFM), participated as a speaker at the +Inclusion 2026 Congress, organized by the Ecuadorian Financial Cluster. During his presentation entitled “Challenges and Opportunities for Financial Inclusion,” the head of […]

International Reserves (IR) showed a sustained accumulation process throughout 2025, reaching a balance of USD 9.795 billion as of December 31, 2025. This level of IR represented an annual increase of USD 2.895 billion, which allowed for 100% coverage of the liabilities of the first and second balance sheet systems of the Central Bank of […]

In 2024, Ecuador’s Gross Domestic Product (GDP) registered a decrease of 2.0%. This contraction was driven by household consumption, which decreased by 1.3%, government spending, which contracted by 1.2%, and gross fixed capital formation (GFCF), which decreased by 3.8%. Exports contributed positively to GDP with annual growth of 1.8%, which helped to partially mitigate the […]

In the third quarter of 2024, Ecuador’s Gross Domestic Product (GDP) contracted by 1.5% compared to the same period in 2023. This performance was related to year-on-year contractions in expenditure components: gross fixed capital formation (GFCF) by -6.2%, exports by -5.1%, and government spending by -1.04%. In contrast, household consumption grew by 2.9% and imports […]

International Reserves (IR) experienced an accumulation process throughout 2024, reaching USD 6.9 billion by December 31, 2024. This level of reserves represents an annual increase of USD 2.445 billion, which allowed for the coverage of 100% of the liabilities of the first and second balance systems of the Central Bank of Ecuador (BCE). Therefore, the […]

On Wednesday, October 9, 2024, an attempted robbery took place by more than 20 heavily armed criminals at kilometer 90 of the Cuenca-Molleturo highway, against a convoy of the Central Bank of Ecuador (BCE) transporting monetary values. With deep regret, we inform that this event claimed the life of a member of our banking security […]

In the second quarter of 2024, Ecuador’s Gross Domestic Product (GDP) recorded a 2.2% decrease compared to the same period in 2023[1]. This performance was related to year-on-year contractions in gross fixed capital formation (GFCF) by 8.2%, household consumption by 2.2%, and government spending by 0.6%. On the other hand, there were positive annual variations […]

Based on Article 94 of the Organic Monetary and Financial Code (COMF), the Monetary Policy and Regulation Board (JPRM) issued Resolutions No. JPRM-2022-005-M, dated February 11, 2022, and No. JPRM-2023-015-M, dated August 9, 2023, which establish that the legal tender in the Republic of Ecuador is the United States dollar. Therefore, all transactions, monetary and […]