Regulatory Alerts2002-05-14 | Resolución 048/2002Added · Updated
Board Resolution No. 048/2002 Approving the Transitional Portfolio Regulation under Law 2297
The Board of Directors of the Central Bank of Bolivia approves a transitional regulation for managing non-performing portfolios from liquidated financial entities and the former INALPRE. The regulation allows borrowers with outstanding capital balances of $10,000 USD or less to receive a debt forgiveness of up to $5,000 USD if they pay 50% of the principal in a single cash payment, and grants a $5,000 USD forgiveness to small agricultural producers with public funds exceeding that amount upon paying the difference. Borrowers may also restructure loans for up to eight years with specific interest rates and guarantee requirements, or settle debts with assets valued at 60% of their commercial appraisal. All these benefits expire on December 31, 2002, and the National Treasury will reimburse the Central Bank for forgiven amounts using bonds.
More like this from BCB
BCB published 7 documents in the last 30 days. We email you each new one the day it's published.