Bolivia pivots to market diesel pricing with IMF loan and cash aid

1 min read
Source: AP News
Bolivia pivots to market diesel pricing with IMF loan and cash aid
Photo: AP News
TL;DR

Bolivia approved an IMF loan and ended diesel subsidies, delivering about 79 million dollars in cash assistance to 2.9 million people and offering preferential loans for truckers, small businesses and producers, while redirecting subsidy spending to education, health and roads; the government says the reform will end chronic diesel shortages by aligning prices with international markets, though the move carries political and social risks.

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