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المشهد العربي
IMF and Bolivia agree on $1.9B bailout
Bolivia has reached an agreement with the International Monetary Fund to receive a financial rescue package of $1.9 billion over three years, aimed at helping the country overcome its worst economic crisis in four decades. The activation of the program is contingent upon the implementation of prior actions and approval by the Executive Board. It is expected that the support will help attract additional funding from other international institutions, bringing the total aid to more than $5 billion during the implementation period. This step comes after the Bolivian President declared a state of emergency last June, due to a wave of protests and economic challenges, including severe inflation and a devaluation of the local currency.
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