Regulatory Alerts1999-10-12 | Resolución 090/99Added · Updated
Resolution 090/99 Approving the New Regulation for the Administration of International Reserves
Resolution 090/99 approves a new regulation for the administration of the Central Bank of Bolivia's international reserves, replacing Resolution 080/97. The regulation establishes a governance structure distinguishing the Board's policy-setting role from the Executive Committee's approval of investment guidelines and the International Operations Management's execution duties. It defines two administration modalities—Direct and Delegated—with specific caps limiting delegated amounts to 40% of investment capital per institution and 20% per entity. The document sets detailed portfolio limits, including issuer risk thresholds, credit rating requirements for counterparties, and specific constraints for gold investments and custody arrangements.
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