Bolivia’s President Rodrigo Paz took the politically incendiary decision to abolish diesel subsidies this week. That he did so while promulgating a US$1.9bn loan arrangement with the International Monetary Fund (IMF) made his action all the more inflammatory. This is exactly the type of tough policy prescription that has made the IMF toxic elsewhere in the region at various points over the decades, and Paz is already facing pushback. His government only recently weathered weeks of debilitating protest action and roadblocks – and now fresh protests are brewing.End of preview - This article contains approximately 613 words.
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