Ecuador’s President, Daniel Noboa, on Tuesday, projected the nation’s economy to grow by more than 4% this year if his government’s policies persist. This forecast significantly outperforms the central bank’s growth prediction of 1.5% for 2025.

Noboa, speaking to local radio Candela, stated that the measures implemented in the previous year have stabilized public finances. He emphasized that 2024 was a year of adjustment, while 2025 is anticipated to be a year of growth and progress.

The President’s administration plans to infuse liquidity into the market. This will be achieved through financing for housing, entrepreneurship, and public works projects, alongside paying off debt, with a particular focus on the healthcare sector.

Contrary to the President’s optimistic projection, the central bank anticipates a more modest gross domestic product (GDP) growth of 1.5% in 2025. In the last reported quarter, which was the third quarter of 2024, the economy contracted by 1.5% year-on-year.

In his conversation, Noboa also addressed public concerns and the international community’s preference for his government over that of Luisa Gonzalez.