Regulatory Alerts2021-08-13 | RESOLUCIONES DE DIRECTORIO N° 94/2021Added · Updated
Board Resolution No. 094/2021
The Central Bank of Bolivia amends Article 35 of the Legal Reserve Regulation to shorten the deadline for the CAPROSEN fund's liquidity loans to August 20, 2021, and requires a copy of the sworn declaration to the Financial System Supervisory Authority (ASFI). It establishes the Electric and Renewable Energy Incentive Fund (FIUSEER) by transferring remaining CAPROSEN resources to the Central Bank, allowing financial entities to obtain 0% interest liquidity loans until July 31, 2022, for financing electric vehicles and machinery under Supreme Decree No. 4539. Financial entities must report monthly credit balances to the Central Bank and ASFI, facing penalties for non-compliance, with the fund's liquidity loans maturing on August 31, 2022.
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