Regulatory Alerts2023-12-08 | RESOLUCIONES DE DIRECTORIO N° 153/2023Added · Updated
Board Resolution No. 153/2023
The Central Bank of Bolivia modifies Articles 41 and 42 of the Legal Reserve Regulation for Financial Intermediation Entities to extend the validity of the Productive Sector Credit Fund (Fondo CPRO) until March 31, 2026. This extension allows financial entities to obtain 0% interest loans in national currency guaranteed by the fund to increase credit portfolios for productive sectors, social housing, and specific financial institutions, provided they meet monthly lending growth targets relative to December 31, 2021. The regulation establishes reporting obligations to the Central Bank and the Financial System Supervision Authority, with penalties for non-compliance, and defines the return of fund contributions upon maturity after loan settlement.
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