2015-05-05 | RESOLUCION DE DIRECTORIO Nº 069/2015

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Board Resolution No. 069/2015

The Board of Directors of the Central Bank of Bolivia approves an extraordinary concessional loan of Bs4,301,190,050 to the Corporacion Minera de Bolivia (COMIBOL) for the second phase of the Salar de Uyuni Brine Development Project. The loan carries a 1.00% annual interest rate, a 30-year term, and a five-year grace period for both principal and interest, with disbursements required by December 28, 2018. Non-negotiable Treasury Bonds are issued to guarantee the credit, and the President of the Central Bank is authorized to execute the corresponding contract.

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