Bolivia signs $1.9B IMF deal to back reforms, fuel subsidy phase-out

Bolivia's government has formally enacted an IMF agreement for $1.9 billion in financing, aimed at supporting economic reforms and rebuilding international reserves. The deal is tied to the elimination of fuel subsidies, a politically sensitive step that signals a shift toward fiscal consolidation. The move is significant as it marks a departure from Bolivia's previous resistance to IMF programs, though implementation risks remain given domestic opposition.