Bolivia ends fuel subsidies to contain monetary crisis
The Bolivian government eliminates subsidies on petrol and diesel, ending a system in place for twenty years amid budgetary pressure and dwindling foreign currency reserves.
| Countries | Bolivie |
|---|---|
| Sector | Pétrole, Carburants Alternatifs, Carburants |
| Theme | Politique & Géopolitique |
Bolivian President Rodrigo Paz has announced the removal of fuel subsidies, marking a major shift in the country’s economic policy. The scheme had artificially kept petrol and diesel prices low for two decades, despite its increasing burden on public finances. The decision comes as the economy faces high inflation and shrinking currency reserves.
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