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AMBASSADOR OF ECUADOR TO THE US SIGNS 20 MILLION DOLLAR LOAN WITH THE INTER-AMERICA DEVELOPMENT BANK

Funds will be ensure greater effectiveness of the control system of the Government of Ecuador

WASHINGTON, DC (April 24, 2014)- Ambassador of Ecuador to the United States Nathalie Cely signed today a $20 million loan agreement with the Inter-American Development Bank (IDB). The funds will finance the implementation of a program to improve the control functions of the State Comptroller General.

“I am very excited to be here on behalf of the Government of Ecuador signing this loan agreement with the IDB,” said Nathalie Cely, Ambassador of Ecuador to the US. “We look forward to using these funds to strengthening the efficacy of our State Comptroller General’s office and the services it provides to our citizens.”

The objective of the program is to contribute to developing a more effective government control system by improving the quality, coverage, and timeliness of the Office of the Comptroller General of Ecuador’s control of public funds. To achieve this objective, the program provides for the implementation of activities that include: (i) improving standards, processes and information systems, (ii) development of human talent and strengthening of capacities, and (iii) improvement in the interaction of the Comptroller General with public managers and citizens.

The Government of Ecuador is pleased to have signed this loan agreement with the IDB and looks forward to new opportunities for cooperation that will contribute to further the Government of Ecuador’s mission to improve its services.