According to Reuters, Bolivia is negotiating a total of over $9 billion in financing with multilateral institutions, a figure higher than the previously estimated $4–5 billion. Approximately one-third of the funds are expected to be in place within the next 60–90 days. Following the announcement of this news, the price of the country’s U.S. dollar-denominated bonds rose to its highest level since 2022. Meanwhile, the Bolivian government announced the abolition of the wealth tax and financial transaction tax, and plans to cut public spending by 30% in the 2026 budget. As part of its financial modernization measures, Bolivia will incorporate cryptocurrencies (starting with stablecoins as a first step) into its formal financial system, allowing banks to offer services related to cryptocurrencies, such as savings accounts, credit cards, and loans.
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