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2021-12-28 | RESOLUCIONES DE DIRECTORIO N° 147/2021

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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.

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Central Bank of Bolivia

Board of Directors

BOARD RESOLUTION NO. 147/2021

SUBJECT: ECONOMIC POLICY ADVISORY AND FINANCIAL ENTITIES MANAGEMENT – MODIFY THE LEGAL RESERVE REGULATION FOR FINANCIAL INTERMEDIATION ENTITIES, CREATING THE FUND FOR PRODUCTIVE CREDIT (CPRO).

VISTOS (VIEWED):

  • The Political Constitution of the State of February 7, 2009.
  • Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia.
  • Board Resolution No. 128/2005 of October 21, 2005, which approves the Statute of the BCB and its modifications.
  • Board Resolution No. 018/2020 of February 18, 2020, which approves the Legal Reserve Regulation for Financial Intermediation Entities and its modifications.
  • Report BCB-APEC-SIE-INF-2021-76 of December 24, 2021, from the Economic Policy Advisory and Financial Entities Management.
  • Report BCB-GAL-SANO-DLBCI-INF-2021-253 of December 27, 2021, from the Legal Affairs Management.

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Lineage: In force

Ley N.º 1670, de 31 de octubre …1995Law of 2009not in RegAlertResolution No. 18 dated 2020-02…not in RegAlertBoard Resolution No. 147/20212021-12-28 · this documentCIEX No. 2/2022: Constitution o…2022
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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