Regulatory Alerts1998-06-05 | Resolución 059/98Added · Updated
Resolution 059/98 Approving the Regulation of Liquidity Credits for Financial Intermediation System Entities
The Board of Directors of the Central Bank of Bolivia approves a new Regulation governing liquidity credits for banks and financial entities, replacing previous resolutions and modifying eligibility criteria for existing credit lines. The regulation establishes two categories of liquidity support: immediate liquidity credits, which are automatic and tied to reserve requirements, and credits for temporary liquidity needs, which require written application, are capped at 90 days, and mandate collateral at a 2-to-1 ratio. Entities accessing temporary liquidity credits must cancel outstanding balances from previous immediate liquidity tranches, adhere to strict administrative conditions such as dividend bans and expense reductions, and submit detailed financial and recovery plans. The regulation enters into force on June 16, 1998, and grants affected entities a 30-day window to settle prior second-tranche liquidity credits.
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