The numbers reflect a major investment of public funds
and the execution of important projects in recent years, but it is
time for private investment to take the baton.
In Ecuador, in the last years Public Investment has been the
axis engine of the economy. However, the current economic situation
has forced the authorities to shift in relation to the policy of
investment required to maintain the same level of execution of
works. Now, it is the private sector that should seize the opening
that the government is offering to clear lights and become what it
was always meant to be: the real engine of the national
economy.
What has happened in Ecuador in the matter of investment and
Public Procurement in recent years? Beginning in 2008 with the
issuance of the Organic Law of the National Public Procurement
System -LOSNCP- and the creation of the National Institute of
Public Procurement (INCOP) today SERCOP, marking a before and after
in the public purchases of Ecuador.
