Regulatory Alerts1997-04-15 | Resolución 099/97Added · Updated
Board Resolution No. 099/97
The Central Bank of Bolivia exceptionally authorizes Banks La Paz S.A. and Internacional de Desarrollo S.A. to intermediate resources from the National Cane Fund (FONACA) credit line for the 1997 sugar harvest, provided they obtain Intermediary Credit Institution (ICI) status by November 30. It modifies the regulation governing the FONACA credit line to reduce the minimum production threshold for sub-borrower groups from 10% to 5% of total regional sugar production. Additionally, the resolution mandates the transfer of warrant-deposited sugar collateral to BCB-approved entities within 30 days and requires simultaneous release of sugar warrants upon sale to ensure fund liquidity.
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