So that the durability of your standards, it is crucial that they become a portion of the federal Societal Procurement Law
Within the crisis loan, Ecuador committed to publish Covid-19 paying accounts; Covid-19 personal procurement contracts, while the labels and you can beneficial ownership out-of enterprises granted contracts; verify birth of goods and you will qualities; run an excellent Covid-19 particular review and publish the results
The fresh IMF approved an urgent situation loan of us$643 million into , delivering Ecuador a significantly-required way to obtain funds to combat the enormous financial and you will individual costs of the pandemic. In under the newest Stretched Finance Studio (EFF) to support the new stabilizing of benefit, build public protections, and you may bolster residential institutions.
As the government got but really to post helpful control suggestions whenever it asked an enthusiastic EFF, the newest IMF generated acceptance of that loan contingent to the Ecuador revising its procurement laws allow they to gather and you will publish which advice.
Within the September, the government implemented an answer demanding every societal builders and subcontractors to add helpful ownership pointers and you may mandating regulators to post brand new details about an enthusiastic unspecified webpages. They subsequent mandated one to bank account as well as their moves associated with of good use owners of organizations engaged in social procurement guidelines perform no extended have the same privacy protections due to the fact that from average entities.
To evaluate the new implementation of this law, Transparency International examined procurement contracts in the societal procurement webpages that have a total value of $500,100.