Regulatory Alerts2012-11-20 | Resolución 194/2012Added · Updated
Resolution 194/2012
The Board of Directors of the Central Bank of Bolivia amends the Specific Regulation for the Credit granted under Law No. 261 to facilitate the construction of the Cable Transport System in La Paz and El Alto. The amendments replace the requirement for a legalized presidential resolution with a legalized presidential decree for the Minister of Economy and Public Finance, simplify acceptable guarantees to an automatic debit authorization from the General Treasury accounts, and allow for a specific Bolivian account or a specific ledger in the Single Treasury Account for disbursements. Furthermore, the resolution transfers the responsibility for the evaluation, use, monitoring, and destination of the credit resources from the Ministry of Economy and Public Finance to the Ministry of Public Works, Services and Housing, with the modifications entering into force upon approval.
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