Bolivia Secures $9B in Funding for Economic Recovery

Bolivia secures over nine billion dollars in multilateral financing, aiming to stabilize its economy amidst high inflation, fiscal deficit, and foreign currency shortage. The funds, from the World Bank and CAF, will support public and private sector projects in infrastructure, renewable energy, and financial services. The government also plans to eliminate wealth tax and reduce public spending by 30% in 2026, marking a shift towards a market-oriented approach under President Rodrigo Paz. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.