Economics
Bolivia Crafts an Austerity Plan as Solution to Economic Crisis
- New finance minister wants to boost state-owned companies
- Nation seeks a grace period to repay multilateral lenders
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Bolivia aims to rein in its fiscal deficit with an economic austerity plan instead of fully relying on foreign debt, finance minister Marcelo Montenegro said.
The country’s new socialist government will closely analyze the international bond market to see if there are more attractive opportunities to borrow more in a world of low interest rates, Montenegro said.