Regulatory Alerts2021-12-28 | RESOLUCIONES DE DIRECTORIO N° 147/2021Added · Updated
Board Resolution No. 147/2021
The Central Bank of Bolivia modifies the Legal Reserve Regulation for Financial Intermediation Entities to establish the Productive Credit Fund (CPRO) and adjust reserve requirements. Effective January 10, 2022, the legal reserve rate for securities in national currency is reduced from 4.5% to 3.5%, and for foreign currency from 11% to 10% for liabilities over 720 days and 9% for the remainder. The regulation creates the CPRO, funded by the difference in reserve rates and voluntary contributions, allowing entities to obtain 0% interest loans from the central bank to finance productive sector credits, with the fund's validity extending until March 31, 2025.