Ecuador, Dec. 2 -- The Inter-American Development Bank (IDB) Board of Executive Directors approved a loan of $22.95 million to strengthen the capacities of Ecuador's National Public Procurement Service (SERCOP) and advance the modernization of the National Public Procurement System (SNCP).The project will drive a comprehensive transformation of public procurement with the goal of improving the quality, timeliness, and transparency of procurement processes, thereby increasing the efficiency of public spending. To achieve this, the program includes an integrated approach that encompasses strengthening the organization, strategic planning, and governance of the SNCP; enhancing SERCOP's capacity to manage procurement based on principles of effi...