Regulatory Alerts2013-04-29 | RESOLUCION DE DIRECTORIO Nº 041/2013Added · Updated
Board Resolution No. 041/2013 Approving the Specific Regulation for the Credit Granted Under Law No. 317
The Board of Directors of the Central Bank of Bolivia approves the Specific Regulation governing the concession of a credit of up to Bs 1,044,000,000 to the Ministry of Economy and Public Finance for the construction of the Montero-Bulo Bulo railway segment. The regulation mandates that the Ministry submit a written request with financial proposals and guarantees, such as non-negotiable Treasury Bonds or irrevocable debit authorizations, to the Central Bank. It establishes that the Board must approve the credit by a two-thirds vote, formalize the loan via a public deed, and assign exclusive responsibility for fund usage and monitoring to the Ministry of Public Works, Services, and Housing.
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