Regulatory Alerts1999-03-02 | Resolución 011/99Added · Updated
Resolution 011/99 Approving Transfer of Funds from Sectoral II Loan No. 88 65 719 and Program No. BV-C2 to NAFIBO
The Board of Directors of the Central Bank of Bolivia approves the transfer of available funds from Sectoral II Loan No. 88 65 719 and Program No. BV-C2 to the National Bolivian Financial Corporation (NAFIBO) as a loan on behalf of the Republic. The transfer is capped at US$35,000,000, disbursed in partial installments by December 31, 1999, subject to NAFIBO's written request ten business days in advance. The loan carries a 7.15% annual interest rate, a fifteen-year term including a three-year grace period for principal amortization, and is secured by automatic debit from NAFIBO's accounts at the Central Bank. The Central Bank retains its role as the Executive Body for these programs while authorizing the President to sign the transfer agreement with the Ministry of Finance and NAFIBO.
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