Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

Ecuador: Anti-Economic Crisis Strategy for Protection of Employment

(June 30, 2009) Ecuador has adopted a decree that creates a Commission Responsible for the Development, Promotion, and Monitoring of the Implementation of an Anti-Crisis Strategy for the Protection of Employment. The anti-crisis strategy is a systematic set of public policies, programs, and projects aimed at minimizing the impact of the international economic crisis on the Ecuadoran labor market. (Decree No. 1669, Apr. 7, 2009, REGISTRO OFICIAL [the official gazette], Apr. 27, 2009, available at one”>

The strategy is to propose policies, programs, and short-term development projects to complement the employment-generating policies already in existence that were developed within the framework of the National Development Plan. The government intends to promote the creation of new employment and protect labor stability and the socio-economic conditions of Ecuadoran households, in the context of the international economic crisis. (Id.)

The decree specifies the components of the strategy, defines the participants, and determines the duties and authority of the Commission. Public banks will assign priority to the allocation of resources to sectors that generate a high level of employment, as well as to grants of assistance to national micro, small, and medium-size enterprises. (Id.)