Regulatory Alerts2008-03-11 | Resolución 024/2008Added · Updated
Resolution 024/2008 Approving Emergency National Credit to the General Treasury
The Board of Directors of the Central Bank of Bolivia approves a credit facility of up to US$600,000,000 for the General Treasury of the Nation to address needs arising from the national disaster declared by Supreme Decree No. 29438. The loan carries a 30-year term, a 2% annual interest rate, and a one-year grace period on principal, secured by amortizable US Dollar Treasury Bonds registered in the Securities Market Registry. Disbursements are to be made upon written request within two years of contract signing, with annual principal and interest payments commencing in the second year.
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