Bolivia returns IMF loan

Bolivia returns IMF loan

Corporate & Sovereign Strategy Economy & Policy Loans Bolivia US Coronavirus

Bolivia's central bank said it returned a $347 million loan to the International Monetary Fund (IMF), rather than take on more debt and adhere to the fiscal and financial "impositions" that came with the credit line. "This loan. as well as being irregular and onerous due to the financial conditions, generated millions in additional costs costs for the Bolivian government," the Banco Central de Bolivia (BCB) said in a press release. The loan's costs came to $24.3 million in nine months through Fe

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