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Bolivia’s Central Bank Returns Añez’s Requested Loan To IMF

teleSUR | February 17, 2021

Bolivia’s Central Bank announced on Wednesday that it had returned US$346.7 million to the International Monetary Fund (IMF), a loan irregularly managed by the de facto government of Jeanine Añez.

“This loan, in addition to being irregular and onerous due to its financial conditions, generated additional and millionaire economic costs to the Bolivian State, which as of February 2021 amount to US$24.3 million of which US$19.6 million are due to exchange rate fluctuations 19.6 million for exchange variation and 4.7 million for commissions and interest,” the institution explained in a statement.

The Central Bank denounced that the IMF jeopardized the “country’s sovereignty and economic interests” through its Rapid Financing Instrument (RFI), which conditioned the funds to fiscal, financial, exchange rate monetary duties, which violate the Bolivian legal framework.

Moreover, authorities explain that they would start an investigation to prosecute all officials involved in the IMF’s illegal arrangement.

February 18, 2021 - Posted by | Corruption | , ,

1 Comment »

  1. South American countries(and Countries around the World generally) should be very cautious of borrowing large sums of money from the International Monetary Fund. The perils are graphically described in John Perkins best selling book, “Confessions of an Economic Hit Man”…..It is a MUST READ, for anyone wanting to understand how “The MONEYMEN” trap poor countries in DEBT, and then foreclose on the debt, in hard times, and take over the assets…….

    The IMF is not some ‘Lofty’ beneficial organisation, it is an arm of the Rothschilds International Banking Cartel, and is not interested in helping poor countries, it is interested in “helping themselves to the country’s ASSETS”…..

    Like

    Comment by brianharryaustralia | February 18, 2021 | Reply


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