IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Dec 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On December 3, 2010, the Bolivian Congress approved a bill to nationalise the country's pension system (Law 065, Ley de Pensiones). After its privatisation in 1997, the system was run by two foreign companies: AFP Futuro de Bolivia, which is part of the Zurich Financial group, and BBVA Previsión AFP, a unit of Spain's banking giant Banco Bilbao Vizcaya Argentaria. Assets of the pension system nationalised are estimated to amount USD 3 billion.
 
The law came into force on December 10, 2010.

AFFECTED COUNTRIES

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