Regulatory Alerts2024-06-12 | RESOLUCIONES DE DIRECTORIO N° 068/2024Added · Updated
Board Resolution No. 068/2024
The Board of Directors of the Central Bank of Bolivia amends Article 5 of the Regulation on Liquidity Credits to the Banco de Desarrollo Productivo Sociedad Anónima Mixta (BDP-S.A.M.) to increase the maximum number of allowable renewals from 13 to 17. This modification extends the renewal period for liquidity credits granted to Development Financial Institutions (IFD) and Savings and Credit Cooperatives (CAC) to up to 17 times, with each renewal period lasting up to 90 calendar days and requiring interest settlement. The resolution also authorizes the Acting President of the Central Bank of Bolivia to sign the modifying contract with BDP-S.A.M. to implement these changes.
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