IMF calls for change to Bolivian central bank’s lending practices

IMF headquarters in Washington DC
IMF Headquarters: The IMF urged the Bolivian authorities to cease lending and move toward a flexible exchange rate.

Bolivian authorities should stop the country's central bank from lending directly to public corporations, according to the International Monetary Fund, but the authorities disagree.

A staff report following an Article IV consultation urges the authorities to "discontinue" the practice of direct lending by the central bank, a recommendation endorsed by the IMF's directors.

During the consultation, conducted in September, the IMF met with both private sector participants and public sector

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