Bolivia's Ministry of Economy and Public Finance appoints new leadership at ASFI and the public pension 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 Gestora Pública de la Seguridad Social de Largo Plazo, setting out priorities for tighter institutional ordering, financial stability and the safeguarding of pension contributions. For ASFI, the ministry emphasised maintaining financial stability through technical supervision, supporting efficient market functioning, and facilitating financial intermediation and credit to the productive sector while preserving deposit safety, alongside greater transparency and responsibility in the agency’s operations. For the public pension manager, the stated mandate was to protect and manage workers’ and retirees’ savings responsibly and independently, explicitly rejecting the use of pension funds as a government funding source and orienting management toward long-term social security objectives without putting contributors’ resources at risk.