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How is the risk of money laundering associated with non-governmental organizations (NGOs) in Bolivia assessed and mitigated?
Bolivia applies more rigorous controls in the receipt and management of funds by NGOs, evaluating the legitimacy of financing sources and promoting transparency in their operations.
What is the situation of Argentina's external debt?
Argentina has had a considerable external debt in recent years. As of September 2021, the country's external debt reached approximately 90% of GDP. The government has held negotiations with creditors to restructure debt and seek financial relief. It is important to closely monitor the evolution of the debt situation, as it can have significant impacts on the country's economy.
Is there any reward or incentive system in Paraguay for those who exceptionally comply with their food obligations?
While not common, the Paraguayan government could consider reward systems or incentives for those who exceptionally meet their food obligations, recognizing and encouraging positive behaviors.
What is the legal framework for currency exchange operations in Colombia?
Foreign exchange operations in Colombia are regulated by the Financial Superintendence of Colombia and the Bank of the Republic. There are specific regulations that establish the requirements and procedures for foreign exchange transactions, including the obligation to use authorized intermediaries and report operations. The legal framework seeks to guarantee transparency, the stability of the foreign exchange market and prevent money laundering and other illicit activities.
How are the risks associated with exchange rate volatility and economic policies in Bolivia evaluated during due diligence for international investments?
The evaluation involves analyzing economic policies, currency exposure and future economic scenarios. Collaborating with local economists, conducting sensitivity analyzes and establishing currency risk management strategies are essential steps to assess and manage the risks associated with currency volatility and economic policies in Bolivia during due diligence.
How are exclusion of liability clauses for changes in legislation addressed in sales contracts in Colombia?
Legislation exclusion clauses address situations where legislative events affect the performance of the contract. In Colombia, these clauses must be clear and comply with local laws on contracts and liability. It is crucial to define the legislative events that will be considered excluded from liability and establish procedures to notify and adapt to such changes. Additionally, Colombian regulations on modifying contracts due to changes in legislation must be taken into account. Including detailed disclaimers for legislative changes provides a clear framework for addressing unforeseen events of this type.
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