Regulatory Alerts2019-08-13 | RESOLUCIONES DE DIRECTORIO Nº 100/2019Added · Updated
Board Resolution No. 100/2019: Regulation of Incentives for Recovery of Claims of the Central Bank of Bolivia
The Board of Directors of the Central Bank of Bolivia approves a regulation establishing incentive programs for the recovery of non-linked credit portfolios from financial entities in liquidation transferred to the Bank. The incentives, valid until August 7, 2020, apply to obligations with a capital balance of USD 15,000 or less, offering debt forgiveness ranging from 80% to 95% of current interest and 100% of penal interest, fines, and other charges based on the outstanding capital amount. Debtors must settle their obligations in a single cash payment at the official exchange rate to qualify for these concessions.
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