Regulatory Alerts2019-04-09 | RESOLUCIONES DE DIRECTORIO Nº 035/2019Added · Updated
Board Resolution No. 035/2019
The Central Bank of Bolivia reduces the reserve requirement for financial intermediation entities on foreign currency (ME and MVDOL) title holdings from 25% to 10% for deposits over 720 days and from 33% to 18% for other liabilities, effective immediately. The freed-up resources establish the Productive Credit and Social Housing Fund III (CPVIS III), which provides 0% liquidity loans to entities for productive and social housing sectors until February 1, 2021, subject to credit portfolio growth targets. The resolution also updates definitions, administrative structures for reserve funds, and the legal framework for the existing CPVIS II fund.
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