Bolivia negotiating $9bn loan to boost reserves – minister
No exchange rate reform in near term as government focuses on stabilising economy, says Espinoza
Bolivia will seek to borrow more than $9 billion from multilateral lenders to shore up its foreign exchange reserves and boost investment, the country’s economy minister has said.
In a press conference on November 25, José Gabriel Espinoza made the first major economic policy announcement since the new government, led by president Rodrigo Paz Pereira, took office this month.
According to reporting from Reuters and the Associated Press, Espinoza said he was negotiating a loan package exceeding $9
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