Article 14, sections 45 and 46 of the Fundamental Monetary and Financial Code establishes as part of the functions of the Monetary and Financial Policy and Regulation Board, the following:
To approve on an annual basis the budget of the Central Bank of Ecuador and the institutions of the financial public sector, public insurance and securities, its reforms, as well as to regulate its implementation.
To approve on an annual basis the financial statements of the Central Bank of Ecuador and the Deposits Insurance Corporation, Liquidity Fund and Fund of Private Insurance.
2013
2014