Regulatory Alerts2016-04-11 | RESOLUCIONES DE DIRECTORIO N° 064/2016Added · Updated
Board Resolution No. 064/2016
The Board of Directors of the Central Bank of Bolivia approves a concessional extraordinary credit of Bs12,858,268,229.42 to Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to finance the construction of Propylene and Polypropylene Plants. The loan carries a 1% interest rate, a 25-year term with a 6-year grace period on principal, and is secured by debit authorization from YPFB's accounts. The resolution authorizes the President of the Central Bank to sign the corresponding contract and sets the disbursement deadline for December 30, 2022.
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