Regulatory Alerts2023-04-20 | RESOLUCIONES DE DIRECTORIO Nº 066/2023Added · Updated
Board Resolution No. 066/2023
The Central Bank of Bolivia modifies the Legal Reserve Regulation for Financial Intermediation Entities by updating reserve rates in Article 6 and redefining the capitalization of the Electric and Renewable Energy Incentive Fund and the Productive Sector Credit Fund in Articles 38 and 41. Specifically, it sets reserve rates at 5.5% for cash and 3.0% for titles in national currency, and 10% for cash and 4-5% for titles in foreign currency, while mandating 100% cash reserves for specific public obligations. The resolution also transfers unencumbered resources from the incentive fund to the credit funds based on percentages effective in April 2023, with the entire regulation entering into force on April 24, 2023.
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