By Ernesto Estremadoiro, El Deber: Technical IMF Mission Meets with Government and Business Leaders in Santa Cruz The IMF is moving closer to Bolivia, which requires financial assistance / Photo: Internet The rapprochement comes amid negotiations promoted by the government to access a possible external financing program of up to $3 billion, and in a…
Tag: IMF
Blindness or Complicity? Velazco and Colque criticize the IMF for applauding the MAS for years | ¿Ceguera o complicidad? Velazco y Colque critican al FMI por aplaudir al MAS durante años
By Brújula Digital: Columnists Enrique Velazco and Gonzalo Colque criticized the IMF for applauding the MAS model for years and only now warning of its collapse. They accused the organization of ignoring structural weaknesses and issuing late alerts, now that the severity of Bolivia’s economic crisis is evident. Development experts Enrique Velazco and Gonzalo Colque…
Bolivia Burns Through Its Special Drawing Rights, IMF Data Show – Bolivia se quema a través de sus derechos especiales de giro, muestran datos del FMI
Maria Elena Vizcaino, Bloomberg, Finance Yahoo: Bolivia Bonds sink as Nation’s International Reserves Dwindle (Bloomberg) — Bolivia has all but exhausted its Special Drawing Rights from the International Monetary Fund, deepening a currency crisis in one of Latin America’s poorest nations. The country had just 39.09 million SDRs, reserve assets that work like an overdraft…
IMF Executive Board Approves US$327 Million in Emergency Support to Bolivia to Address the COVID-19 Pandemic
Press release 20/170: April 17, 2020 The IMF approved Bolivia’s request for emergency financial assistance of about US$327 million under the Rapid Financing Instrument to combat the COVID-19 pandemic. This assistance will help Bolivia support urgently required medical spending and relief measures to preserve social protection spending. Additional support from other development partners will also…
Bolivia Faces Challenge of Adapting to Lower Commodity Prices
From the International Monetary Fund: ANNUAL HEALTH CHECK Bolivia Faces Challenge of Adapting to Lower Commodity Prices By Sumiko Ogawa IMF Western Hemisphere Department December 18, 2015 Real GDP growth to slow to 4.1 percent in 2015 but remains high for the region Large buffers should enable necessary fiscal, external adjustments in a gradual way…
WARNING: Current crisis is not temporary but structural and long-term
El Diario reports: According to an study by IMF economists: Current crisis is not temporary but structural and long-term The flexibility of the exchange rate, which has increased in countries exporting raw materials during the last decade can help mitigate the impact of falling commodity prices. The International Monetary Fund (IMF) warned that the global…
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