Bolivia ratifies $1.9bn IMF deal and ends diesel subsidies amid protest threats
Just hours after Bolivia's Congress ratified a $1.9 billion loan agreement with the International Monetary Fund, President Rodrigo Paz announced an immediate end to diesel subsidies. The move affects fuel used by trucks, buses and tractors, and is part of the government's effort to stabilise an economy under strain. Gasoline subsidies for private cars will remain in place for now, although Paz has already reduced that support in recent months.The Senate's approval on Friday completed the final legislative step for the three-year financing programme, after the lower house backed it a day earlier. The IMF first announced a staff-level agreement... [Continue Reading]
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