Approved report for final debate on the investment law

Proposals were incorporated such as the express prohibition of delegations or private concessions in matters related to water.

With 6 affirmative votes, 2 negative votes and 1 abstention, the Economic Development Commission of the Assembly approved the final report of the project called investment lawpresented by the President of the Republic, Guillermo Lasso.

That report included some of the recommendations of legislative blocs such as Pachakutik and the Democratic Left (ID). Thus, for example, it was agreed to add in article 73 of the project, the prohibition of the application of Public-Private Partnerships (PPPs) in everything related to the strategic resources of the Water.

On the other hand, the addition of a seventeenth transitory provision was also agreed upon, establishing a period of 90 days, after the enactment of the Law, for health personnel in the public sector to be regularized.

Not all details are known yet. final reportwhich must be definitively approved or rejected during the plenary session convened for 1:00 p.m. this Thursday, March 24, 2022.

On that date, the 30-day period for legislators to process the bill sent by the Executive as an urgent matter in economic matters.

Despite the consensus within the Economic Development Commission, it is still uncertain whether the Government will be able to add the 70 votes necessary to approve the initiative. Until yesterday, the accounts of the ruling party only reached 46 votes. However, President Lasso was optimistic this March 23 that the proposal achieves the support necessary.

But members of the Assembly such as Cristian Yucailla, a member of Pachakutik, especially question Chapter I of the Law. This chapter establishes the legal framework to promote Public-Private Partnerships (PPPs), but for certain sectors that framework seeks to privatize public assets and services.

Yucailla, which is part of the Economic Development Commission and voted against the report, asked again that Chapter I be eliminated from the Executive’s initiative. (JS)

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