Banco Nacional de Bolivia graded b1 by Moody’s

Key rating considerations are summarized below. Banco Nacional de Bolivia S.A.'s (BNB) B1 long-term local currency deposit rating reflects its b1 baseline credit assessment (BCA) and incorporates Moody's assessment of a high probability of support from the Bolivian Government (B1 negative) in case of stress, although the bank's ratings receive no uplift as its BCA is positioned at the same level of the Bolivian sovereign rating.

CNC suggests creation of an emergency committee for economy and employment

The National Chamber of Commerce (CNC) called for the establishment of a body to oversee the economy and employment. Among the measures to analyse in that Committee, they propose: define mechanisms to recover the demand, internal consumption and the liquidity of the companies; recomposition of the chain of payments in all the productive, commercial and services areas, to assure the continuity of the operations of suppliers and employees. They suggest developing programs that facilitate the maintenance of formal employment and promote labour reconversion.

BCB buys bonds from AFPs worth $500 million

The Central Bank placed Bs 3,476 million ($500 mn) by buying National Treasury bonds held by Private Fund Administrators. The resources will go to the banks, which will increase their liquidity by 50%. As of Friday, March 20, the sector had Bs 6,806 million ($1 bn) in cash. After the cash injection, banks will have Bs 10,282 million ($1.5 bn) to channel to the public.