IMF approves $1.9bn Extended Fund Facility for Bolivia
The IMF executive board approved a $1.9bn 36-month Extended Fund Facility on Oct 2, releasing $214m up front, anchoring a reform path after the currency and fuel crisis.
Coverage tagged: Bolivia (BOL)
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The IMF executive board approved a $1.9bn 36-month Extended Fund Facility on Oct 2, releasing $214m up front, anchoring a reform path after the currency and fuel crisis.
President Paz fired economy minister Espinoza after a legislative censure on Aug 25 and named a deputy to replace him, amid unrest over IMF-linked market reforms. Losing the economy portfolio to a censure vote mid-reform is coalition fragility at the exact point the programme needs continuity. Corroborated by AP and TeleSUR.
After ~46 days of unrest, a June 19 partial government-COB agreement plus a 90-day state of emergency cleared all blockades by June 23. A pause, not a settlement. Bolivia political_stability near -9 -> -6; civil_liberties held at -4 (emergency powers now invoked).
President Rodrigo Paz signed a law on June 8 enabling a future state of emergency with military action and suspension of constitutional rights against weeks of fuel- and dollar-crisis protests, framing demonstrators as narco-terrorists without presenting evidence, raising repression-risk concerns even though the powers were not yet invoked.
Bolivia's defense and education ministers resigned on June 3 as roughly 100 nationwide road blockades, doubled in two weeks, paralyzed the country over fuel-subsidy cuts and a fuel-import scandal; President Paz called it a breaking point and did not rule out a state of emergency or military deployment.