Bolivia Seeks $1.9B IMF Deal; Subsidy Cuts, FX Reform Face Assembly Hurdles

Bolivia has opened negotiations with the IMF for a 36-month, $1.9 billion program requiring legislative approval and Fund board sign-off. The package hinges on politically sensitive diesel subsidy reductions, fiscal deficit cuts, and exchange-rate reform, which face domestic opposition. Approval would signal a major policy shift and unlock external financing, but uncertainty over implementation remains high.