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Bolivians celebrate Day of the Dead at El Alto cemetery
Bolivia’s economic overhaul is cheering investors and angering voters as food costs rise and the economy heads for a third straight year of contraction
Bolivia’s once-mighty natural gas industry has shriveled so dramatically that the country is set to begin importing the fuel after decades as one of the region’s major producers and exporters
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Bolivia's Energy Crisis Deepens As Natural Gas Reserves Run Dry
Bolivia is monitoring global credit markets for an opportunity to issue debt at more attractive borrowing costs, Finance Minister Christian Andrés Morales said
Bolivia scraps diesel subsidy to combat fuel shortages
Bolivian President Rodrigo Paz on Friday announced the end of state diesel subsidies, shifting the country to a unified pricing model to help resolve chronic fuel shortages.
Bolivia imports roughly 90% of its diesel, and the government spends approximately $55 million weekly on subsidies, according to Paz.
"Starting today, diesel will cost what it costs us to buy abroad," Paz said, citing rampant fuel smuggling and black-market reselling as key drivers of the weekly deficit.
To offset the financial strain on households and key economic sectors, the administration unveiled targeted relief measures, including direct cash transfers and preferential credit lines. (Reuters)
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Bolivia’s government has completely eliminated its diesel subsidy after the Senate approved a $1.9 billion loan from the International Monetary Fund that calls for spending curbs
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Bolivia extends state of emergency over risks of new blockades
Bolivia extends state of emergency over risks of new blockades
Bolivia confirms 7 deaths, others still missing after military base explosion
