Guillermo Avellán on BCE independence, capacity-building and dollarisation

Ecuador’s general manager speaks about bolstering legal autonomy, dollarisation, payments and gold production

Credit: Lucy Stewart

Do you believe Ecuador needs further legal reforms to strengthen the central bank’s autonomy, improve its balance sheet, bolster governance or expand its capacity?

There is a need for strategic reforms to the Monetary and Financial Code. This includes passing on responsibilities for policies and regulation related to liquidity management and the interest rate system from the financial board, which is one regulator [and part of the executive branch], to the Monetary Policy and Regulation Board

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