Regulatory Alerts2018-12-20 | RESOLUCIONES DE DIRECTORIO Nº 1842018Added · Updated
Board Resolution No. 184/2018: Approval of Financial Condition Modifications for Exceptional Loan to the National Fund for Regional Development
The Board of Directors of the Central Bank of Bolivia approves modifications to the financial conditions of the exceptional loan contract (SANO No. 350/2015) granted to the National Fund for Regional Development (FNDR) for Bs 3,180,000,000. The loan term is extended from seven to sixteen years, and the repayment schedule is changed to constant principal payments with interest, due semiannually on January 31 and July 31. The deadline for disbursements is set to December 31, 2019, and the interest rate remains at 1% annually on outstanding balances.
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