Macroeconomy/Finance

IMF approves $327 million for Bolivia to address COVID-19 pandemic

The IMF approved Bolivia’s request for emergency financial assistance of approximately US$327 million under the Rapid Financing Facility to combat the COVID-19 pandemic. This assistance will help Bolivia with urgent medical needs and support measures to preserve social protection expenditures. Additional support from other development partners will also be critical to help address Bolivia’s fiscal and balance of payments needs.

Source: Eju.tv