Regulatory Alerts2016-10-25 | RESOLUCIONES DE DIRECTORIO N° 207/2016Added · Updated
Board Resolution No. 207/2016
The Board of Directors of the Central Bank of Bolivia approves modifications to the Specific Regulation for granting loans under Law No. 742, explicitly adding Autonomous Municipal Governments as beneficiaries of resources managed by the National Fund for Regional Development (FNDR). The regulation sets forth application requirements, defines the trust assets as collateral for a loan of up to Bs 3,180,000,000, and establishes that disbursements to FNDR are contingent upon the execution of credit contracts with eligible municipal and departmental governments. These resources are restricted to financing counterparties for public investment projects concurrent with the central government's level that possess external or internal financing.
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