The benefit made available will be 4.5 billion dollars (R$24.2 billion) in the period 2026-2028, almost six times more than that received in the last three years
The announced this Tuesday (13) a new financial aid package for up to 4.5 billion dollars (R$ 24.2 billion) in the period 2026-2028, almost six times more than that received in the last three years. Bolivia, with 20% 12-month inflation in December, imported fuel to subsidize it domestically, a policy that depleted the country’s dollar reserves and caused the cost of living to soar.
“We are building a package of up to 4.5 billion” dollars for the next three years, said IDB president, Brazilian Ilan Goldfajn, at a press conference at the Government Palace together with center-right president Rodrigo Paz. Goldfajn’s visit to Bolivia is the first by an IDB chief to the Andean country in 15 years.
Since taking power in November, Paz has moved closer to international credit organizations that his leftist predecessors rejected. The cooperation, according to Goldfajn, will be aimed at various sectors, such as mining, energy, environment and tourism, and to create conditions to generate legal security in the country.
President Paz considered the principle of this understanding a great achievement and highlighted that, with his management in the country, he “ended a 20-year period” of left-wing governments that saw the State as a “political instrument”. The meeting took place one day after his administration signed an agreement with unions to stop social protests that opposed an economic reform decree. Future assistance will come as Bolivia seeks to emerge from a deep economic crisis, the biggest in 40 years.
Bolivia and the IDB must still formalize the agreement, with no set date.
