Regulatory Alerts2006-10-31 | Resolución 095/2006Added · Updated
Resolution 095/2006 Approving the New Regulation on Credit to the Public Sector
The Board of Directors of the Central Bank of Bolivia approves the new Regulation on Credit to the Public Sector, which supersedes Resolution 021/2005 and takes effect immediately upon approval. The regulation establishes the basic norms and procedures for granting public credit to the General Treasury of the Nation, specifically for addressing urgent needs arising from public calamities or internal/international commotion, as well as for meeting temporary liquidity needs within monetary program limits. It mandates that such credits be documented via negotiable public debt securities, including dematerialized values represented by book entries, and requires a favorable vote of at least two-thirds of the Board members present for approval.
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