Bolivia's Ministry of Economy and Public Finance appoints new leadership for ASFI and the public long-term social security fund manager

Bolivia's Ministry of Economy and Public Finance swore in Mario Walter Requena Pinto as Executive Director General of the Financial System Supervision Authority (ASFI) and Marcelo Vladimir Fernández Quiroga as General Manager of the Public Manager of Long-Term Social Security, positioning the appointments as part of efforts to order, stabilise and strengthen financial sector supervision and pension fund administration. For ASFI, the minister set priorities around defending financial stability, ensuring technical supervision and promoting efficient markets, while pushing for a supervisory approach that facilitates financial intermediation and supports credit to the productive sector without compromising deposit security. For the public pension manager, the minister stressed safeguarding workers’ and retirees’ contributions and administering pension assets responsibly and independently, explicitly rejecting the use of pension funds as a government “petty cash”, and linking the new leadership to restoring confidence in the financial system and pension fund management.