Bolivia uses international reserves to cover dollar debt payments

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The Bolivian government has decided to utilize its increasing international reserves to fund future dollar-denominated debt repayments to private creditors. According to Bloomberg reports, this policy was announced by the country’s financial authorities, aiming to maintain economic stability.

The financial officer emphasized in a statement the importance of strategically utilizing available reserves to ensure proper payments to creditors. This approach is expected to enhance Bolivia’s creditworthiness in the international financial markets and support economic recovery.

In the current complex economic environment facing Bolivia, this decision can be seen as an attempt to balance effective use of reserves with fiscal responsibility.

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