Bolivia bond hopes struck down by political pressure

Bolivia, Coronavirus, hambre, hunger, Covid, latAm, 575
By Oliver West
25 Jun 2020

Bolivia will be forced to abandon plans to raise crucial funding in bond markets, the country’s public credit head has told GlobalCapital, after its Congress passed a bill that requires the government to seek approval from the legislative branch on the terms of the issue, amid a tense political climate.

“Plans for a bond issue are completely stalled,” said Carlos Schlink, vice-minister for treasury and public credit. “Congress approved a law [on June 19] demanding that they had to pre-approve the terms of any external borrowing, and there is too much uncertainty to continue with the bond issue.”

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