IMF agrees to $1.9 billion program to stabilize Bolivia
Translated from Spanish, summarized and contextualized by DistantNews.
At a glance
- The IMF has reached a technical agreement with Bolivia for a $1.9 billion loan program over 36 months.
- The financing aims to support macroeconomic stabilization, rebuild reserves, and reduce fiscal vulnerabilities.
- The agreement requires approval from the IMF's Board and fulfillment of prior actions by the Bolivian government.
Bolivia is set to receive financing from the International Monetary Fund (IMF) for the first time in over two decades, following a technical agreement for a program valued at approximately $1.9 billion. This 36-month Extended Fund Facility arrangement, however, still requires approval from the IMF's Executive Board and depends on the Bolivian government meeting pre-agreed conditions.
What the virtual court says is that the ruling is against Alicia, when she was never his employer. In fact, they didn't even know each other when he was already working in Cruz's group.
The primary objectives of the program are to restore macroeconomic stability, rebuild international reserves, and mitigate fiscal and external vulnerabilities. It also aims to strengthen social protection and foster conditions for sustainable private sector-led growth. A key obligation for Bolivia will be to steer public debt relative to its Gross Domestic Product onto a downward trajectory.
I am not accusing the gentleman, but I am not ruling out that they want to harm Alicia either.
To achieve this, the program outlines measures such as rationalizing expenditures, improving efficiency, mobilizing revenue, and strengthening fiscal institutions without burdening the poorest households. Modernizing monetary and exchange rate frameworks is also part of the plan, with the IMF supporting a move towards a more flexible, market-based system and maintaining zero financing of the deficit by the central bank.
If the authority lent itself to harming Alicia, lied and did not investigate, then I am also going against the authority, against the Local Conciliation Board, against the labor judge and the lawyers themselves, because they are affecting a third party.
While the agreed amount is lower than initially anticipated by the Bolivian government, Minister of Economy Josรฉ Gabriel Espinoza stated that the program was designed by Bolivian authorities. He emphasized that there are no externally imposed conditions, but rather government-defined goals. These include reducing the fiscal deficit from over 9% of GDP this year to around 3% within three years, alongside public spending cuts, budget reordering, and reduced transfers to state-owned enterprises. The loan is expected to carry an approximate interest rate of 4% to 4.5%.
There is evidence, I have the documents, the prosecution has them, he already knows. In the last hearing they said there was an amparo, he knows what's coming.
Originally published by El Deber in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.