Bolivia is preparing for a new bond sale as it watches for better borrowing conditions, Finance Minister Christian Andrés Morales said at the World Bank/IMF meetings in Bangkok. The Andean nation returned to international debt markets in May after a four‑year hiatus, raising fresh financing despite a high 9.75% yield. Morales noted that current rates remain too elevated for another issuance, but the Finance Ministry is updating transaction data and working with Deutsche Bank and Santander, the banks that managed the prior deal.
The government is also exploring a liability‑management operation for roughly $900 million of bonds held by state‑run Gestora Pública, part of about $1.5 billion maturing in 2028 and 2030. Bolivia’s finances have been strained by a severe dollar shortage, though a recent $1.9 billion three‑year IMF program—providing an immediate $214 million—may unlock an additional $4 billion from other institutions. President Rodrigo Paz’s administration has cut diesel subsidies and is moving cautiously on natural‑gas subsidies to protect vulnerable citizens, while fuel import costs are expected to reach $600‑800 million in the final quarter.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing