IMF Reaches Staff-Level Agreement with Bolivia on $1.9 Billion Extended Fund Facility

The International Monetary Fund (IMF) and Bolivian authorities have reached a staff-level agreement for a new three-year Extended Fund Facility (EFF) arrangement worth $1.9 billion. This agreement aims to support Bolivia's economic reform program, which seeks to restore macroeconomic stability, rebuild international reserves, reduce fiscal and external vulnerabilities, strengthen social safety nets, and foster sustainable, private sector-led growth. The deal, which requires IMF Executive Board and Bolivian Congress approval, comes as Bolivia faces its deepest economic crisis in decades.