Regulatory Alerts2014-06-05 | RESOLUCION DE DIRECTORIO Nº 040/2014Added · Updated
Board Resolution No. 040/2014
The Central Bank of Bolivia amends the Appendix of the Regulation for Credit Approval to Strategic National Public Enterprises (EPNE) for the 2010-2014 budget periods by adding two new points to Section 2 regarding the degree of concessionality. Point 4 establishes a specific calculation method for interest rates when an EPNE requests a grace period for both principal and interest while not yet in the operational phase. Point 5 authorizes the Board to determine interest rates between the established maximum and minimum if the rate deviates by up to 25 basis points from the highest historical rate observed for the same credit term. These modifications enter into force upon the approval date of the resolution.
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