Thursday, 10 June 2021 03:53

Financial Commission received BCR President to discuss strategies and strengthening of the economy

Written by Alondra Gutiérrez

The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, attended the meeting of the Finance Commission, in which they discussed different opinions regarding the country's financial system, as well as the strategies planned to guarantee the strengthening of the economy.

The head of the BCR, announced that the National Financial Inclusion Policy contemplates the following benefits:

  • Equal access to financial products and services.
  • Empowerment of the financial consumer.
  • Opportunity to improve the quality of life of families with savings and credit options
  • Promotes financial stability

"The National Financial Inclusion Policy defines the guidelines for an inclusive financial system", said, the president of the BCR.

He added that the financial problems in the country are due to a lack of financial education. We need the system to be more inclusive, more open, more innovative.

In addition, he shared the drivers of economic growth in the country during 2021: More favorable external environment.

  • Private Investment Projects.
  • Public Investment Projects and International Cooperation
  • Vaccination of COVID-19
  • Favorable political context.

"Among the sectors leading the economic recovery process this year are: construction, electricity, industry, commerce, information and telecommunications", said Douglas Rodriguez, president of the BCR.

He also said that public investment and international cooperation will support the economic recovery process:

  • Road to Surf City
  • Western Bypass
  • Eastern Bypass
  • Central Hidroeléctrica 3 de febrero
  • Viaduct on the Los Chorros highway.

"Deposit-taking entities maintain liquidity reserve surpluses with US$855.2 million as of may 31", said president of the BCR.