Bolivia Agrees with the IMF on a Three-Year Plan to Eliminate the Deficit, an Adjustment Equivalent to 8.5% of GDP
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The Government of Bolivia agrees with the IMF a severe fiscal adjustment to access $1.9 billion in funding, including the elimination of subsidies and the wage freeze.
President Rodrigo Paz and the International Monetary Fund (IMF) signed a loan for $1.9 billion, on the condition that Bolivia implements an adjustment plan to reduce state spending. Economists told Sputnik that vulnerable households should be protected.
The agreement for the loan of 1.9 billion dollars contemplates a series of adjustment measures, such as the end of the subsidy and the flexibility of the dollar. Source: The Country of Tarija Parliamentarians of Tarija, from different benches, evaluated...
The government forwarded to the ALP the bill to authorize the financing agreement with the IMF, for $ 1.9 billion. To make it effective, it will have to implement several austerity measures.
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diarioestrategia.clThe Government of Bolivia has agreed with the International Monetary Fund (IMF) an economic programme of 36 months and supported by the Expanded Service of the Fund (SAF) that includes the total elimination of the primary deficit of the non-financial public sector. According to the memorandum of economic and financial policies published by the Ministry of Economy and [...] The entry Bolivia agrees with the IMF a three-year plan to eliminate the …
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