Bolivia reserves shortage worsens

Fuel runs short as ex-governor says government “does not want to recognise” crisis

Banco Central de Bolivia
Photo: Rachael King

Bolivia’s reserves situation has continued to deteriorate, with the most recent figures showing a decline of more than 40% between January and August.

The most recent Central Bank of Bolivia figures, covering the period to August 2023, show that net international reserves were about $2.15 billion that month. This is down from just over $3.6 billion in January this year, and almost $4.5 billion in January 2022. 

“The government does not want to recognise the gravity of the problem,” says Juan

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