Bolivia's Ministry of Economy and Public Finance formalises an interinstitutional governance committee for EU-backed FATF standards project

Bolivia's Ministry of Economy and Public Finance convened the first 2026 meeting of the Interinstitutional Governance Committee for the project supporting Bolivia’s implementation of Financial Action Task Force standards, approving the committee’s rules of procedure and establishing it as the project’s highest decision-making body. The committee brings together national authorities and international partners, including the Financial System Supervision Authority and the Financial Investigations Unit, alongside the European Union and the United Nations Office on Drugs and Crime. It approved the 2025 management report, the first-quarter 2026 progress report and a 2026 work plan focused on institutional capacity-building, improvements to supervision mechanisms and updating the National Risk Assessment, with progress noted on specialised training and the development of technical tools coordinated with the Financial Investigations Unit. The project is underpinned by a letter of intent between the ministry and the European Union and provides EUR 1 million of technical and financial cooperation for 2025–2027.