Bolivia's Congress approves $1.9 billion IMF loan; unions warn fuel subsidy cuts could spark protests.
Bolivia's Congress on Friday approved a $1.9 billion loan from the International Monetary Fund (IMF), aimed at addressing the country's years-long economic crisis. However, unions warned that the austerity conditions in the IMF agreement, which include cutting fuel subsidies, could trigger new protests and push up the cost of living. The loan still requires approval from the IMF's Executive Board before it can be disbursed.
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