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Bolivian banks must allocate 6% of their profits to social function

RIO DE JANEIRO, BRAZIL - Through a supreme decree, the Bolivian Government ordered that banks must allocate 6% of their profits to the social function, resources that will mainly go to reinforce housing, production, and seed capital funds.

Economy Minister Marcelo Montenegro pointed out that this 6% will be destined mainly to already existing guarantee funds, according to the decree approved by the Cabinet of Ministers.

These transfers of resources "will have to be made within . . .

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