Bolivia approves $1.9 billion IMF loan
Bolivian lawmakers approved a $1.9 billion loan agreement with the International Monetary Fund, clearing congressional ratification for a three-year financing programme that still requires IMF executive board approval. The conservative government immediately ended diesel subsidies to meet IMF conditions, aiming to replenish dwindling foreign reserves and restore credit after declining natural gas exports and higher global oil prices. Officials said the deal could give other lenders confidence and help secure about $5 billion more, while the government announced $79 million in cash assistance to 2.9 million people and preferential loans for affected transport and producers.
Bolivia approved a $1.9 billion IMF loan tied to diesel subsidy removal
Context
Lawmakers approved the IMF deal after months of negotiations and weeks of road blockades. The government cut diesel subsidies to meet IMF demands and ease fiscal strain. The IMF executive board must still approve the programme and other…
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