Regulatory Alerts1999-12-21 | Resolución 113/99Added · Updated
Resolution 113/99
The Board of Directors of the Central Bank of Bolivia approves the transfer of available funds from Sectoral Program II Loan No. 88 65 719 and Program No. BV-C2 to Nacional Financiera Boliviana SAM (NAFIBO SAM) as a loan on behalf of the Republic. The transfer is capped at US$1,600,000, disbursable in partial installments until December 31, 1999, subject to written request with three business days' notice. The loan carries a 7.15% annual interest rate, a fifteen-year term including a three-year grace period for principal amortization, and is secured by automatic debit from NAFIBO SAM's accounts at the Central Bank. The President of the Central Bank is authorized to sign the transfer agreement with the Ministry of Finance and NAFIBO SAM.
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