GUILLERMO AVELLAN

Guillermo Avellán Solines is the General Manager of the Central Bank of Ecuador, overseeing key financial and monetary policies in the country. With a background in Management and Economics from the University of Richmond and a master's degree in Economic Analysis from the Barcelona Graduate School of Economics, Avellán brings a wealth of expertise to his role. He has held various positions in finance and academia, including roles at Fundación Ecuador Libre, the Chamber of Commerce of Guayaquil, Banco Bolivariano, and Citibank Ecuador. Since assuming the position of General Manager in June 2021, Avellán has been instrumental in strengthening the Central Bank's role as the custodian of dollarization in Ecuador. Under his leadership, the bank has focused on enhancing monetary stability, managing international reserves, and promoting inclusive growth through strategic partnerships with multilateral organizations like the IMF, Inter-American Development Bank, World Bank, and the Treasury Department. Avellán's tenure has seen significant achievements such as restoring institutional strength, implementing modern financial systems like Real-Time Gross Settlement (RTGS) for low-value transactions, and renewing the Centralized Security Depositary (CSD) system. His commitment to financial education is evident through initiatives like building numismatic museums to expand monetary knowledge among Ecuadorian families. Through Avellán's leadership, the Central Bank of Ecuador has navigated economic challenges, including those exacerbated by COVID-19, to achieve record-high international reserves exceeding USD 9.3 billion by January 2023. His strategic vision and dedication to monetary stability have been pivotal in safeguarding Ecuador's dollarization and fostering sustainable economic growth for future generations.