Bolivia agrees to phase out fuel subsidies by 2027 under IMF-backed loan

Bolivia's government has committed to removing fuel subsidies by 2027 as part of a $1.9 billion loan agreement with 12 disbursements tied to performance evaluations. This marks a policy reversal from prior subsidy retention, signaling fiscal consolidation and potential domestic price increases. The move is significant for Bolivia's fiscal stability and energy market, though implementation risks remain.