Technical Assistance for Government Debt & Infrastructure Finance - Ecuador

The goal of this project is to strengthen the capacity of the Government of Ecuador (GOE) to issue and manage government debt in order to affordably, efficiently, and transparently satisfy their domestic funding requirements and to serve as a foundation for broader capital market development and private sector-led economic growth.

Project activities include: 1) developing the relevant laws and regulations, staff capacity, and process to define government borrowing, issue and manage debt, and regulate the government debt market; 2) reprofiling GOE's liability portfolio to eliminate spikes in debt service in their existing debt portfolio; 3) developing a primary and; (4) secondary market auction system that will allow the GOE to access market funding, manage issuances, increase price transparency, increase liquidity, and encourage capital market participation by public and private investors and issuers; and 5) supporting the development of a strong Central Depository System to provide safe and transparent custodial, transfer, registry and transaction settlement services.