Bolivia is negotiating over $9 billion in financing with multilateral institutions, significantly exceeding the previous estimate of $4-5 billion. Approximately one-third of this funding is expected to be available within the next 60-90 days. Following this announcement, Bolivia's dollar-denominated bonds surged to their highest levels since 2022.
In a bid to modernize its financial system, the Bolivian government has announced the integration of cryptocurrencies, starting with stablecoins, into its official financial framework. This move will allow banks to offer crypto-related services such as savings accounts, credit cards, and loans. Additionally, the government has abolished wealth and financial transaction taxes and plans to cut public spending by 30% in the 2026 budget.
Bolivia Secures $9 Billion Financing, Integrates Cryptocurrency into Financial System
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