DIRECTORATE RESOLUTION No. 157/2026

SUBJECT: ECONOMIC POLICY ADVISORY AND FINANCIAL ENTITIES MANAGEMENT – AMEND THE LEGAL RESERVE REGULATION FOR FINANCIAL INTERMEDIATION ENTITIES

WHEREAS:

Law No. 1670 of 31 October 1995, of the Central Bank of Bolivia (BCB) and its amendments.

Law No. 393 of 21 August 2013, on Financial Services and its amendments.

Directorate Resolution No. 76/2022 of 26 August 2022 approving the Legal Reserve Regulation for Financial Intermediation Entities and its amendments.

Directorate Resolution No. 79/2022 of 6 September 2022 approving the Regulation on Payment Services, Electronic Payment Instruments, Clearing and Settlement and its amendments.

The BCB Statute, approved by Directorate Resolution No. 85/2026 of 23 June 2026.

Report BCB-APEC-SPMEE-INF-2026-60 of 27 October 2026, from the Economic Policy Advisory (APEC) and the Financial Entities Management (GEF).

Report BCB-GAL-SANO-DLBCI-INF-2026-273 of 27 October 2026, from the Legal Affairs Management (GAL).

CONSIDERING:

That Law No. 1670 in its articles 1, 2 and 3 provides that the BCB is the sole monetary and exchange authority of the country, with administrative, technical and financial competence and specialized regulatory powers of general application. The purpose of the BCB is to seek the stability of the internal purchasing power of the national currency. The BCB shall formulate policies on monetary, exchange and payment system matters for the fulfillment of its purpose.

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That article 7 of the aforementioned Law determines that the BCB may establish legal reserves of mandatory compliance by Banks and Financial Intermediation Entities. Their composition, amount, calculation method, characteristics and remuneration shall be established by the Bank's Directorate, by absolute majority of votes. The control and supervision of the legal reserve shall correspond to the Financial System Supervision Authority (ASFI).

That article 30 of Law No. 1670 establishes that all entities of the financial intermediation and financial services system, whose operation is authorized by ASFI, are subject to the regulatory competence of the BCB.

That article 37 of Law No. 1670 states that the BCB shall be depositary of the liquid reserves destined to cover the legal reserve and to attend the payment system and other operations with the BCB of the financial intermediation entities subject to the authorization and control of ASFI.

That articles 44 and 54 subparagraphs a), i) and o) of Law No. 1670 provide that the highest authority of the BCB is its Directorate, which is responsible for defining its policies, specialized regulations of general application and internal norms; as well as establishing administrative, operational and financial strategies of the Issuing Entity, approving their respective short and medium term programs. The Directorate has the attributions to issue the norms and adopt the general decisions that may be necessary for the BCB to fulfill the functions, competences and powers assigned to it by Law; to set and regulate the administration of the legal reserve to which banks and other financial entities must adhere, providing the measures for its compliance; as well as to approve, amend and interpret the Statute and Regulations of the BCB by two thirds of votes of all its members, without the need for additional administrative act.

That paragraph I of article 426 of Law No. 393 provides that Financial Intermediation Entities must at all times have adequate levels of liquidity to guarantee the continuity of their operations and the timely fulfillment of their obligations.

That the Legal Reserve Regulation for Financial Intermediation Entities in its article 1 establishes that its purpose is to set and regulate the administration of the legal reserve and the resources arising from its modification, in order to have instruments of monetary regulation and preservation of the stability of the financial system. In its article 2, it provides that all Financial Intermediation Entities, authorized for operation by ASFI, are subject to the provisions of this Regulation.

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That article 62 of the Regulation on Payment Services, Electronic Payment Instruments, Clearing and Settlement establishes the possible settlement guarantee mechanisms to be applied by the Clearing and Settlement Chambers and Payment Service Companies.

That the BCB Statute in its article 11 numerals 1), 6), 22) and 50), determines that the Directorate has the attributions to approve the general decisions and issue the norms that may be necessary for the BCB to fulfill the functions, competences and powers assigned to it by Law, as well as to establish legal reserves of mandatory compliance by financial intermediation entities by absolute majority of votes and approve their composition, amount, calculation, characteristics, forms of administration, custody and remuneration; to approve, amend and interpret the Statute and Regulations of the BCB, by two thirds of votes of all its members, without the need for additional administrative act; and to approve modifications of any determination and provision established by the Directorate, as well as to carry out their monitoring.

CONSIDERING:

That through report BCB-APEC-SPMEE-INF-2026-60, the APEC and the GEF propose measures relating to the return of the CPVIS II, CPVIS III and CPRO Funds and to the modification of the structure of the legal reserve in foreign currency, concluding that they contribute to the orderly normalization of operations in said denomination and to the consolidation of the monetary and exchange policies of the BCB.

That by means of report BCB-GAL-SANO-DLBCI-INF-2026-273, the GAL concludes that the proposal of the APEC and the GEF to modify the Legal Reserve Regulation for Financial Intermediation Entities is legally viable as it does not violate the current legal system, and therefore it corresponds to the BCB Board to approve it in accordance with the provisions of article 54 subparagraphs a), i) and o) of Law No. 1670, and article 11 numerals 1), 6), 22) and 50) of the BCB Statute.

THEREFORE,
THE BOARD OF THE CENTRAL BANK OF BOLIVIA,
RESOLVES:

Article 1.- Modify article 6 of the Legal Reserve Regulation for Financial Intermediation Entities as follows:

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IT SAYS:

"Article 6 (Legal Reserve Rates).

The legal reserve rates on the liabilities detailed in Article 4 of this Regulation are the following:

a) In MN and MNUFV:

Cash

Eight point five percent (8.5%) for cash reserve.

Securities

Five percent (5.0%) for reserve in securities, as of the next requirement period beginning on 3 August 2026.

Six point five percent (6.5%) for reserve in securities, as of the requirement period beginning on 17 August 2026.

Seven point five percent (7.5%) for reserve in securities, as of the requirement period beginning on 14 September 2026.

b) In ME and MVDOL:

Cash

Ten percent (10%) for cash reserve.

Securities

Two point five percent (2.5%) for reserve in securities for DPF greater than 720 days; and three point five percent (3.5%) for the rest of liabilities.

The EIF must constitute the Legal Reserve in Cash, equivalent to a rate of one hundred percent (100%), on the accounts included in "Other Obligations with the public, with companies with state participation and with banks and financing entities" indicated in article 4 of this Regulation."

IT SHOULD SAY:

"Article 6 (Legal Reserve Rates).

I. The legal reserve rates on the liabilities detailed in Article 4 of this Regulation are the following:

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a) In MN and MNUFV:

Cash:

Eight point five percent (8.5%) for cash reserve.

Securities:

• Seven point five percent (7.5%) for reserve in securities.

• For the Housing Financial Entities (EFV), the Development Financial Institutions (IFD) and the Savings and Credit Cooperatives (CAC), the reserve rate in securities shall be six point five percent (6.5%) until the requirement period beginning on 18 January 2027, from which the rate of seven point five percent (7.5%) shall apply.

  b) In ME and MVDOL:

Cash

Twenty percent (20%) for cash reserve, as of the requirement period beginning on 9 November 2026 and constituted on 17 November 2026.

Securities

Zero percent (0%) for reserve in securities, as of the requirement period beginning on 9 November 2026 and constituted on 17 November 2026.

II. The EIF must constitute the Legal Reserve in Cash, equivalent to a rate of one hundred percent (100%), on the accounts included in "Other Obligations with the public, with companies with state participation and with banks and financing entities" indicated in article 4 of this Regulation.

III. The fund destined to guarantee settlement in Clearing and Settlement Houses and Payment Service Companies counts for the accounting of the Legal Reserve in Cash in ME."

Article 2.- Modify article 16 of the Legal Reserve Regulation for Financial Intermediation Entities as follows:

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IT SAYS:

"Article 16 (Funds in Custody). The EIF must maintain 80% of their Legal Reserve requirement in Cash in MN and MNUFV in Funds in Custody in any location. Any surplus that the EIF maintain above the respective percentage shall not be recognized for reserve purposes.

The EIF must maintain 10% of their Legal Reserve requirement in Cash in ME and MVDOL in Funds in Custody in any location. Any surplus that the EIF maintain above this percentage shall not be recognized for reserve purposes. The global deficiency in Funds in Custody in ME and MVDOL may not be offset with reserve surpluses in BCB accounts or reserve in securities."

IT SHOULD SAY:

"Article 16 (Funds in Custody). I. Multiple banks, PYME banks, Public Bank and the Productive Development Bank must maintain 80% of their Legal Reserve requirement in Cash in MN and MNUFV in Funds in Custody in any location.

II. The CAC, the EFV and the IFD must maintain 60% of their Legal Reserve requirement in Cash in MN and MNUFV in Funds in Custody in any location.

III. The EIF must maintain 0% of their Legal Reserve requirement in Cash in ME and MVDOL in Funds in Custody in any location, of their obligations subject to reserve prior to 9 November 2026.

IV. The EIF must maintain 100% of their Legal Reserve requirement in Cash in ME and MVDOL in Funds in Custody in any location, of their obligations subject to reserve generated as of 9 November 2026.

V. Any surplus that the EIF maintain above this percentage shall not be recognized for reserve purposes. The global deficiency in Funds in Custody may not be offset with reserve surpluses in BCB accounts."

Article 3.- Modify article 31 of the Legal Reserve Regulation for Financial Intermediation Entities as follows:

BOARD OF DIRECTORS

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STATES:

"Article 31 (Liquidity loans in MN with Guarantee of the Fund for credits destined to the Productive Sector and to Social Interest Housing II).

The resources of each participant in the CPVIS II Fund shall serve as guarantee for the liquidity loans in MN that they request from the BCB under the following conditions:

1) The EIF may request liquidity loans from the BCB in MN at an interest rate of 0%. These loans may be requested until 2 February 2026.

2) The maximum amount of accumulated liquidity loans shall be the participation amount of each EIF in the CPVIS II Fund, equivalent in MN at the prevailing buying exchange rate.

3) As of 15 July 2026, according to schedule, the BCB shall return to the EIF, through credit to current account or reserve account, gradually, their participation in the CPVIS II-ME Fund, prior cancellation of their liquidity loans in MN with guarantee of the CPVIS II-ME Fund through debit of their current account or reserve account in MN, if applicable. The aforementioned return shall be made according to schedule. In the event that an EIF does not have sufficient resources in its current account or reserve account in MN to pay its liquidity loans, the BCB shall offset the balance with the CPVIS II-ME Fund at the official exchange rate of the day of the operation."

SHOULD SAY:

"Article 31 (Liquidity loans in MN with Guarantee of the Fund for credits destined to the Productive Sector and to Social Interest Housing II). The resources of each participant in the CPVIS II Fund shall serve as guarantee for the liquidity loans in MN that they request from the BCB, under the following conditions:

1) The EIF may request liquidity loans from the BCB in MN at an interest rate of 0%. These loans may be requested until 2 February 2026.

2) The maximum amount of accumulated liquidity loans shall be the participation amount of each EIF in the CPVIS II Fund equivalent in MN at the prevailing buying exchange rate.

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3) As of 15 July 2026, according to schedule, the BCB shall return to the EIF, through credit to current account or reserve account, gradually, their participation in the CPVIS II-ME Fund, prior cancellation of their liquidity loans in MN with guarantee of the CPVIS II-ME Fund. The BCB shall return to the EIF, through credit to current account or reserve account, their participation in the CPVIS II-ME Fund, prior cancellation of their liquidity loans in MN with guarantee of the CPVIS II-ME Fund through debit of their current account or reserve account in MN. In the event that an EIF does not have sufficient resources in its current account or reserve account in MN to pay its liquidity loans, the BCB shall offset the balance with the CPVIS II-ME Fund at the official exchange rate of the day of the operation.

Alternatively, the EIF may request from the BCB the liquidation of guarantees at the official exchange rate of the day of the operation to pay its liquidity loans."

Article 4.- Amend article 33 of the Legal Reserve Regulation for Financial Intermediation Entities as follows:

STATES:

"Article 33 (Liquidity Loans in MN with Guarantee of the Fund for Credits destined to the Productive Sector and to Social Interest Housing III).

The resources of each participant in the CPVIS III Fund shall serve as guarantee for the liquidity loans in MN that they request from the BCB, under the following conditions:

1. The EIF may request liquidity loans from the BCB in MN at an interest rate of 0%. In the case of banks, these loans shall have the purpose of increasing their loan portfolio destined to the productive sector and to social interest housing in MN. Additionally, as of 8 September 2020, banks may request these loans also to increase their loan portfolio to Savings and Credit Cooperatives (CAC) and Development Financial Institutions (IFD). These loans may be requested until 2 February 2026.

2. The maximum amount of accumulated liquidity loans shall be the participation amount of each EIF in the CPVIS III Fund, equivalent in MN at the prevailing buying exchange rate.

BOARD OF DIRECTORS

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3. With information as of the close of each month-end, the balance of credits destined to the productive sector and/or social interest housing in MN of each bank shall be compared with the balance as of 31 December 2018, provided by the ASFI. Additionally, with information as of the close of each month-end, the balance of credits destined to the CAC and IFD in MN of each bank shall be compared with the balance as of 31 August 2020, provided by the ASFI. If the increase, adding both differences, is less than the accumulated loans granted by the BCB, the difference shall pay the interest of the reporto rate in MN of the evaluation date (close of each month-end). If the sum of both differences is negative, the bank shall pay the interest of the reporto rate in MN of the evaluation date (close of each month-end) on the total balance of accumulated loans granted by the BCB, from said date until the entity has remedied the differences.

4. For the purposes of the comparison indicated in point (3) above, banks with loans guaranteed with the CP VIS III Fund must send to the BCB and to the ASFI information on their credits to the productive sector, to social interest housing, to the CAC and to the IFD, as a sworn statement, through the mechanism communicated by External Circular, as of the cut-off date of each month, until the fifth business day of the following month.

5. In the event that a bank requires to demonstrate compliance with the portfolio increase on a date other than month-end to remedy the difference indicated in point (3), it must send to the BCB, as a sworn statement, this information within a maximum period of five business days after compliance with the portfolio increase.

6. In the event that the bank with loans guaranteed by the CPVIS III Fund does not submit the information cited in the two previous points, within the established deadlines, the BCB shall report the non-compliance to the ASFI so that this authority applies the corresponding fines or sanctions.

7. Credits destined to the productive sector shall be understood as the credit operations indicated in Article 1 of Section 2 of the Regulation for Credit Operations to the Productive Sector, contained in the Compilation of Standards for Financial Services of the ASFI.

8. As of 15 July 2026, according to the schedule, the BCB shall return to the EIFs, through credit to their current or reserve account, gradually, their

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participation in the CPVIS III Fund, after cancellation of their MN liquidity loans guaranteed by the CPVIS III Fund through debit from their current or reserve account in MN if applicable. The aforementioned return shall be made according to the schedule. In the event that an EIF does not have sufficient resources in its current or reserve account in MN to pay its liquidity loans, the BCB shall offset the difference with its participation in the CPVIS III Fund at the official exchange rate of the day of the operation".

SHOULD SAY:

"Article 33 (MN Liquidity Loans with Guarantee of the Fund for Credits destined to the Productive Sector and Social Interest Housing III).

The resources of each participant in the CPVIS III Fund shall serve as guarantee for the MN liquidity loans they request from the BCB, under the following conditions:

1. The EIFs may request MN liquidity loans from the BCB at an interest rate of 0%. In the case of banks, these loans shall have the purpose of increasing their credit portfolio destined to the productive sector and social interest housing in MN. Additionally, as of 8 September 2020, banks may request these loans also to increase their credit portfolio to Savings and Credit Cooperatives (CAC) and Development Financial Institutions (IFD). These loans may be requested until 2 February 2026.

2. The maximum amount of accumulated liquidity loans shall be the amount of participation of each EIF in the CPVIS III Fund, equivalent in MN at the prevailing buying exchange rate.

3. With information as of the close of each month-end, the balance of credits destined to the productive sector and/or social interest housing in MN of each bank shall be compared with the balance as of 31 December 2018, provided by the ASFI. Additionally, with information as of the close of each month-end, the balance of credits destined to CACs and IFDs in MN of each bank shall be compared with the balance as of 31 August 2020, provided by the ASFI. If the increase, adding both differences, is less than the accumulated loans granted by the BCB, the difference shall pay the interest of the MN reporto rate of the evaluation date (close of each month-end). If the sum of both differences is negative, the bank shall pay the interest of the MN reporto rate of the evaluation date (close of each

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month-end) on the total balance of accumulated loans granted by the BCB, from that date until the entity has remedied the differences.

4. For the purposes of the comparison indicated in point (3) above, banks with loans guaranteed by the CPVIS III Fund must send to the BCB and the ASFI information on their credits to the productive sector, social interest housing, CACs and IFDs, as a sworn statement, through the mechanism communicated by External Circular, as of the cut-off date of each month, until the fifth business day of the following month.

5. In the event that a bank requires to demonstrate compliance with the portfolio increase on a date other than month-end to remedy the difference indicated in point (3), it must send to the BCB, as a sworn statement, this information within a maximum period of five business days after compliance with the portfolio increase.

6. In the event that the bank with loans guaranteed by the CPVIS III Fund does not submit the information cited in the two previous points, within the established deadlines, the BCB shall report the non-compliance to the ASFI so that this authority applies the corresponding fines or sanctions.

7. Credits destined to the productive sector shall be understood as the credit operations indicated in the Compilation of Standards for Financial Services of the ASFI.

8. As of 15 July 2026, according to the schedule, the BCB shall return to the EIFs, through credit to their current or reserve account, gradually, their participation in the CPVIS III Fund, after cancellation of their MN liquidity loans guaranteed by the CPVIS III Fund. The BCB shall return to the EIFs, through credit to their current or reserve account, their participation in the CPVIS III Fund, after cancellation of their MN liquidity loans guaranteed by the CPVIS III Fund through debit from their current or reserve account in MN. In the event that an EIF does not have sufficient resources in its current or reserve account in MN to pay its liquidity loans, the BCB shall offset the balance with the CPVIS III Fund at the official exchange rate of the day of the operation.

Alternatively, the EIF may request the BCB the liquidation of guarantees at the official exchange rate of the day of the operation to pay its liquidity loans."

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Article 5.- Amend article 42 of the Legal Reserve Regulation for Financial Intermediation Entities as follows:

SAYS:

"Article 42.- (MN Loans with Guarantee of the Fund for Credits destined to the Productive Sector).

The resources of each participant in the CPRO Fund shall serve as guarantee for the MN loans they request from the BCB, under the following conditions:

1. The EIFs may request MN loans from the BCB at an interest rate of 0%. These loans shall have the following purpose according to the type of entity:

a) In the case of banks, loans guaranteed with the CPRO Fund shall have the purpose of increasing their MN credit portfolio destined to the productive sector.

b) In the case of EFVs, loans guaranteed with the CPRO Fund shall have the purpose of increasing their social interest housing portfolio.

c) In the case of CACs and IFDs, loans guaranteed with the CPRO Fund must be destined to their MN credit portfolio, with a participation of the productive sector of no less than 50%.

2. Loans may be requested until 30 December 2025.

3. The maximum amount of accumulated loans shall be the amount of each EIF's participation in the CPRO Fund, equivalent in MN at the prevailing buying exchange rate.

4. Monthly, the BCB shall compare the amount of loans granted to each EIF with the guarantee of its participation in the CPRO Fund, with the increase in the balance of credits disbursed by said entities in MN with respect to 31 December 2021, as established in numeral 1 of this Article. If the increase is less than the accumulated loans granted by the BCB, the difference shall pay the MN reporto interest rate prevailing on the evaluation date of each month-end, from said date until the entity has remedied that difference.

DIRECTORATE

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5. For the purposes of the comparison indicated in numeral 4 of this Article, EIFs with loans guaranteed with the CPRO Fund must send to the BCB and to the ASFI, as a sworn declaration, through the mechanism communicated by External Circular, information on their credits, as established in numeral 1 of this Article. The cut-off shall be made at each month-end, until the fifth business day of the following month. The information included must not consider the credits reported in other sworn declarations (CP VIS III Funds, CAPROSEN and FIUSEER).

6. In the event that an EIF requires to demonstrate compliance with the portfolio increase on a date other than month-end in order to remedy the difference indicated in numeral 4 of this Article, it must send this information to the BCB, as a sworn declaration, within a maximum period of five business days after compliance with the portfolio increase.

7. In the event that the EIF with loans guaranteed with the CPRO Fund does not submit the information cited in the preceding numerals within the established periods, the BCB shall communicate the non-compliance to the ASFI so that this authority applies the corresponding fines or sanctions.

8. Credits destined to the productive sector shall be understood as the credit operations established in numeral 7 of Article 33 of this Regulation.

9. As of 15 July 2026, according to the schedule, the BCB shall return to the EIFs, by credit to their current account or reserve account, gradually, their participation in the CPRO-ME Fund, upon prior cancellation of their MN liquidity loans guaranteed by the CPRO-ME Fund by debit to their current account or MN reserve account if applicable. In the event that an EIF does not have sufficient funds in its current or reserve account in LC to pay its loans, the BCB will offset the balance with its participation in the CPRO-ME Fund at the official exchange rate of the day of the transaction.

IT MUST SAY:

"Article 42.- (Loans in LC with Guarantee from the Fund for Credits destined for the Productive Sector).

1. The resources of each participant in the CPRO Fund will serve as a guarantee for the loans in LC requested from the BCB, under the following conditions:

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EIFs may request loans in LC from the BCB at an interest rate of 0%. These loans will have the following purpose according to the type of entity:

a) In the case of banks, loans guaranteed by the CPRO Fund will have the purpose of increasing their credit portfolio in LC destined for the productive sector.

b) In the case of EFVs, loans guaranteed by the CPRO Fund will have the purpose of increasing their social interest housing portfolio.

c) In the case of CACs and IFDs, loans guaranteed by the CPRO Fund must be destined for their credit portfolio in LC, with a participation of the productive sector of not less than 50%.

2. Loans may be requested up to 30 December 2025.

3. The maximum amount of accumulated loans will be the participation amount of each EIF in the CPRO Fund, equivalent in LC at the current buying exchange rate.

4. Monthly, the BCB will compare the amount of loans granted to each EIF guaranteed by its participation in the CPRO Fund, with the increase in the balance of credits disbursed by said entities in LC as of 31 December 2021, as established in paragraph 1 of this Article. If the increase is less than the accumulated loans granted by the BCB, the difference will pay the current repo interest rate in LC on the date of evaluation of each end of month, from said date until the entity has remedied that difference.

5. For the purposes of the comparison indicated in paragraph 4 of this Article, EIFs with loans guaranteed by the CPRO Fund must send to the BCB and the ASFI, as a sworn declaration, through the mechanism communicated via External Circular, information on their credits, as established in paragraph 1 of this Article. The cut-off will be carried out at each end of month until the fifth business day of the following month. The information included must not consider the credits reported in other sworn declarations (CPVIS III Funds, CAPROSEN and FIUSEER).

6. In the event that an EIF requires to demonstrate compliance with the increase in the portfolio on a date other than the end of the month to remedy the difference indicated in paragraph 4 of this Article, it must send this information to the BCB, as a

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sworn declaration, within a maximum period of five business days after compliance with the increase in the portfolio.

7. In the event that an EIF with loans guaranteed by the CPRO Fund does not submit the information cited in the preceding paragraphs within the established deadlines, the BCB will communicate the non-compliance to the ASFI so that this authority applies the corresponding fines or sanctions.

8. Credits destined for the productive sector shall be understood as the credit operations established in paragraph 7 of Article 33 of this Regulation.

9. As of 15 July 2026, according to the schedule, the BCB will return to EIFs, by credit to their current or reserve account, gradually, their participation in the CPRO-ME Fund, upon cancellation of their liquidity loans in LC guaranteed by the CPRO-ME Fund. The BCB will return to EIFs, by credit to their current or reserve account, their participation in the CPRO-ME Fund, upon cancellation of their liquidity loans in LC guaranteed by the CPRO-ME Fund by debit from their current or reserve account in LC. In the event that an EIF does not have sufficient funds in its current or reserve account in LC to pay its liquidity loans, the BCB will offset the balance with the CPRO-ME Fund at the official exchange rate of the day of the transaction.

Alternatively, the EIF may request from the BCB the settlement of guarantees at the official exchange rate of the day of the transaction to pay its liquidity loans."

Article 6.- I. Bring forward to 5 November 2026 the return of the CPVIS III, CPRO-ME and CPVIS II-ME Funds corresponding to Phase I, scheduled for 16 November 2026, 15 December 2026, 15 January 2027, 15 February 2027 and 16 March 2027 in the schedule provided in paragraph I of the Sole Additional Provision of the Legal Reserve Regulation for Financial Intermediation Entities and communicated via External Circular CIEX N° 8/2026 of 25 May 2026.

II. The application of the preceding paragraph is optional for CACs, EFVs and IFDs and will apply upon written request from them.

Article 7.- EIFs must contribute at least the equivalent of 2% of their obligations subject to legal reserve for the establishment of a fund destined to guarantee the

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settlement in Clearing and Settlement Chambers and Payment Service Companies, within the framework of the provisions of the Payment Services, Electronic Payment Instruments, Clearing and Settlement Regulation and in substitution of the RAL Fund in FC.

Article 8.- This Resolution will enter into force from the date of its publication.

Article 9.- The Presidency and the General Management are entrusted with the execution and compliance of this Resolution.

La Paz, 28 October 2026

Sgd. DAVID IVÁN ESPINOZA TORRICO, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Álvaro Alfonso Romero Villavicencio.