Regulatory Alerts2013-09-18 | RESOLUCION DE DIRECTORIO Nº 121/2013Added · Updated
Board Resolution No. 121/2013
The Board of Directors of the Central Bank of Bolivia approves the granting of an extraordinary credit of USD 600,000,000 to the Fund for the Industrial and Productive Revolution (FINPRO), represented by the fiduciary Banco de Desarrollo Productivo S.A.M. The loan carries a zero interest rate, a thirty-year term payable at maturity, and is secured by the trust's equity, with funds disbursed in a single lump sum to an account at JP Morgan Chase Bank in New York. The President of the Central Bank is authorized to sign the corresponding contract, and the Presidency and General Management are tasked with executing the resolution.
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