Regulatory Alerts2007-12-18 | Resolución 159/2007Added · Updated
Resolution 159/2007
The Board of Directors of the Central Bank of Bolivia authorizes the purchase of assets up to USD 10,000,000 to support the resolution process of the Asociación Mutual de Ahorro y Préstamo para la Vivienda Guapay. The resolution further mandates the execution of a management contract for these assets within one year, the establishment of a 100% provision for the acquired assets, and the transfer of resources from the RAL Fund to legal reserve accounts. Additionally, the Acting President is authorized to designate the Central Bank's representative to the committee overseeing the selection of intermediaries for this resolution process.
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