Daniel Noboa presents Ecuador 2040 Economic Growth Agenda with IDB support

Ecuador has unveiled its 'Agenda de Crecimiento Ecuador 2040,' a strategic roadmap designed to stimulate job creation, attract investment, and foster economic improvement across the nation. The initiative was presented with significant technical backing from the Inter-American Development Bank (IDB).

President Daniel Noboa launched the plan in Quito, stating its purpose is to provide "clear direction for the country to continue growing, generate more opportunities, and ensure that this growth is reflected in the life of every Ecuadorian family." He acknowledged making "tough decisions" economically but stressed that transforming these measures into "sustainable projects that change people's lives is truly governing."

The agenda is structured around four core pillars: strengthening institutionalism and legal certainty, ensuring fiscal stability, enhancing competitiveness and productive investment, and deepening the financial system, including the reinforcement of dollarization. The Minister of Economy and Finance, Sariha Moya, explained that the agenda emerged from extensive dialogue with various stakeholders, incorporating their experiences and proposals into a shared vision for national growth.

The IDB, through its president Ilan Goldfajn, pledged to support the agenda's implementation with its 'Ecuador Crece' initiative. The bank will provide a combination of financing, non-reimbursable resources, expertise, and investments across both public and private sectors, aiming for reforms in the short, medium, and long term.