Regulatory Alerts2011-05-13 | Resolución 052/2011Added · Updated
Resolution 052/2011
The Board of Directors of the Central Bank of Bolivia approves a concessional extraordinary credit of Bs801,050,000 to the Corporación Minera de Bolivia (COMIBOL) for the "Integral Development of the Salar de Uyuni Brine" Phase II project. The loan carries a 20-year term with a 3-year grace period on principal, an annual interest rate of 0.80%, and is secured by non-negotiable Treasury Bonds issued by the Ministry of Economy and Public Finance rather than collateral offered by COMIBOL. Disbursements must be completed by December 30, 2012, with semi-annual repayment installments.
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