Bolivia Burns Through Its Special Drawing Rights, IMF Data Show
- Nation had less than 10% of its SDRs left by the end of March
- Dwindling reserves make landscape unsettling, Torino says
A police officer guides residents in line outside of the Bolivian Central Bank in La Paz, Bolivia, on March 29.
Photographer: Marcelo Perez del Carpio/BloombergThis article is for subscribers only.
Bolivia has all but exhausted its Special Drawing Rights from the International Monetary Fund, deepening a currency crisis in one of Latin America’s poorest nations.
The country had just 39.09 million SDRs, reserve assets that work like an overdraft and come with no conditions, according to IMF data as of March 31. That’s equivalent to about $53 million, less than 10% of its allocation and a fraction of the funds available earlier this year.