Bolivian Economic Parliamentary Commision rejects $327Mln IMF loan

A congressional committee in Bolivia rejected the $327 million IMF loan to fight COVID-19. The Planning Commission of the Chamber of Deputies, controlled by MAS (Movement for Socialism) lawmakers loyal to ousted president Evo Morales, unanimously rejected the deal on grounds of lack of proper documentation from the IMF.  The interim government denounced the Parliament’s rejection of the loan, which was to be repaid over five years at a one percent interest, calling it a political rather than an economic decision.

Source: Infobae