Regulatory Alerts2022-01-11 | RESOLUCIONES DE DIRECTORIO N° 007/2022Added · Updated
Board Resolution No. 007/2022
The Central Bank of Bolivia Board of Directors amended Article 5 of the Liquidity Credit Regulations for the Productive Development Bank, extending the maximum number of renewals for liquidity credits from three to seven times, while maintaining the 90-day calendar term and interest cancellation requirement for each renewal. The resolution also authorized the acting President of the Central Bank to sign addenda to extend the terms of the contract with the Productive Development Bank. These changes entered into force upon approval and apply to liquidity credits granted to Development Financial Institutions and Savings and Credit Cooperatives.
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