Regulatory Alerts2003-01-21 | Resolución 008/2003Added · Updated
Resolution 008/2003
The Board of Directors of the Central Bank of Bolivia extends the validity of the debt forgiveness benefit for small farmers and peasant producers until July 31, 2003. This measure applies to public resource credits with outstanding capital balances exceeding $5,000 USD, requiring beneficiaries to pay the excess amount in cash to trigger the forgiveness of the $5,000 principal, all accrued interest, penalties, and administrative costs. The Central Bank of Bolivia assumes responsibility for judicial costs, while the General Treasury reimburses the forgiven principal and interest to the Central Bank using bonds one month after the regulation's expiration.
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