Bolivia Eliminates Diesel Subsidy Following IMF Loan Approval
Source Summary
Bolivia's government has completely eliminated its diesel subsidy following Senate approval of a $1.9 billion International Monetary Fund loan. The IMF loan agreement includes conditions requiring spending cuts by the Bolivian government.
Why it matters
The subsidy elimination represents a major fiscal adjustment required by the IMF as a condition of Bolivia's access to $1.9 billion in emergency financing.
