Bolivia Eliminates Diesel Subsidy After IMF Loan Approval

Bolivia's government has completely eliminated its diesel subsidy after the Senate approved a $1.9 billion loan from the International Monetary Fund that calls for spending curbs. The move ends a long-standing subsidy program, aligning with IMF conditions aimed at reducing fiscal deficits. The decision is expected to raise fuel prices and could spark public protests, as similar subsidy cuts have done in other countries.