Bolivia: IMF Recommends Ending Fuel Subsidies by January 2027
According to RFI, an agreement with the International Monetary Fund calls for the gradual elimination of gasoline subsidies in Bolivia, a measure that still requires congressional ratification.
Bolivia is preparing to end gasoline subsidies starting in January 2027, according to information reported by RFI. This measure is part of an agreement reached with the International Monetary Fund (IMF) as part of a broader lending program announced last July.
An earlier attempt to eliminate these subsidies, launched by the presidency in spring, had provoked strong public opposition, prompting segments of Bolivia's population to take to the streets in protest for two months, RFI reports.
This time, the measure is part of a broader framework negotiated with the IMF. However, it still must be ratified by the Bolivian Congress before taking effect, the source notes.
Fuel subsidies have traditionally represented a significant burden on Bolivia's public finances, an issue at the heart of discussions with the international financial institution.
Sources
- Bolivie: le FMI recommande la fin des subventions des carburants à compter de janvier 2027 — RFI — Français
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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