Ecuadorean candidate promises to spend central bank reserves

Measure could imperil central bank independence

Central Bank of Ecuador museum
Central Bank of Ecuador money museum, Quito
Rachael King

A prominent presidential candidate in Ecuador’s general election has said she would use central bank reserves for domestic spending and investment.

Luisa González told Reuters she would take “$2.5 billion to inject into the national economy”, according to an August 15 report. González has led opinion polls, though not by enough to win without a second round.

The election is scheduled for August 20. 

González said the reserves are “not generating a cent, to guarantee the payments to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account