Category: Macroeconomy/Finance

Information regarding Bolivia’s productive sector and the country’s macroeconomy.

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.

Government to place $1.5 bn in sovereign bonds

The government announced that in the coming days, it would place $1.5 billion in sovereign bonds on the international market to raise resources to address the crisis caused by the coronavirus. Up to March, there was a reduction of Bs 2.3 billion ($330.5 mn), and up to June, there are Bs 9 billion ($1.29 bn) less, as a result of the tax deferral.