At the International Economic Forum in Panama City, Ecuador’s Minister of Economy and Finance, Sariha Moya, spoke about measures taken by President Daniel Noboa’s administration to improve the country’s public finances.
“The order of public finances is not the end; it is a means to generate growth, increase employment levels and reduce poverty,” said Moya during her remarks.
Moya stated that Ecuador exceeded its initial economic growth projections. She noted that the country could close 2025 with an estimated 4% growth rate. According to her, this result was made possible by organizing public finances, which allowed for more liquidity to meet state services and obligations.
She explained that Ecuador adopted a comprehensive strategy for managing public resources. This included strengthening tax revenues, redistributing resources, and advancing structural changes. Moya emphasized these actions were implemented with consideration for social sectors.
The minister added that these steps helped build trust in Ecuador internationally. As a result, she said the country returned to international capital markets and achieved a historic bond placement with lower interest rates compared to its last issuance in 2019. The demand for these bonds reached USD 18 billion.
