Bolivian ex-governor warns pension law poses bank risk

Central Bank of Bolivia
Central Bank of Bolivia
Photo: Rachael King

Bolivia’s parliament has passed a law allowing early withdrawals from private pensions that a former central bank governor warns could endanger financial stability.

The draft law, an initiative of president Luis Arce, passed the lower house on August 12, and the upper house 13 days later. The measure passed with support from pro-government and opposition legislators in both houses. The legislation resembles similar programmes implemented in Chile and Peru during the pandemic, which have been

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