Economy and Finance Minister Simon Cueva will step down. Photo: Ministry of Economy

Simon Cave He is about to resign Economy and Finance Minister. Secretary General of Public Administration and Cabinet, Ivan Correa, made this statement on Monday, July 4, 2022.

Cueva has been in the ministry since the beginning of the current administration. Progress was made with him in 1971 Approval Of Hate Which is part of the International Monetary Fund’s economic program (IMF) It was signed by the government of Lenin Moreno in 2020 and represents a total financial assistance of US 6. 6.5 billion.

The program has a sixth and final review pending, which will be paid USD 700 million by the end of the year.

Cueva focuses on management Tax adjustmentBound by the agreement, which promotes tax reform effective November 2021. This, along with external economic factors such as the high price of one barrel of oil, contributed to the reduction of the high revenue deficit during Cueva’s tenure.

Reduce payment delays in GAD

Also, it was possible to reduce delays and equalize deferred payments, for example with decentralized autonomous governments (GAD) And the government’s Ecuadorian Institute of Social Security.IES) Thus, a payment agreement worth 140 140 million was signed last May. This is part of the recognition of loans for health benefits.

Secretary Korea noted that President Guillermo Lasso will announce the changes in his cabinet on Tuesday, July 5th.

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