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Noboa Gov’t passes investment plan of 1.6bn dollars

Quito, Feb 16 (Prensa Latina) Ecuador’s Government passed on Friday a USD.6B investment plan allocated on four axes: social, economic development, institutional, infrastructure, energy and environment.

On Friday, the National Planning Council, led by President Daniel Noboa, met in the city of Guayaquil and approved such a strategy, named Development Plan for the New Ecuador 2024-2025.

The head of State pointed out that the instrument will be subject to public policies, programs and projects, the programming and execution of the State budget, as well as the investment and allocation of public resources.

The National Secretary of Planning Sarinha Moya stated that the authorities’ aim is to recover the social fabric, guarantee the welfare and peace of the citizens and promote development.”

Concerning the State’s debts with the provincial and municipal governments, Moya noted that they are making an effort to catch up with payments.

Moya explained regarding foreseen investments that the budget proforma will be sent to the National Assembly -Parliament for debate and approval.

The Plan comprises 105 goals anchored to the Sustainable Development Goals (SDGs) of the 2030 Agenda, as specified by the Executive in a statement released after the meeting.

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