Regulatory Alerts2019-08-27 | RESOLUCIONES DE DIRECTORIO N° 110/2019Added · Updated
Board Resolution No. 110/2019 Approving the Regulation for Public Sector Credit Approval under Law No. 1670
The Board of the Central Bank of Bolivia approves a new regulation governing the granting of public sector credits under Law No. 1670, replacing Board Resolution No. 095/2006. The regulation establishes specific requirements, financial conditions, and procedures for two types of credit: those for public calamities or internal/international unrest, and those for temporary liquidity needs within monetary program limits. It mandates that such credits require a favorable vote of two-thirds of the Board members, must be secured by public debt securities issued by the General Treasury, and are subject to maximum terms and interest rate definitions defined within the text.
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