- Bolivia has an estimated 3.7 trillion cubic feet of proven gas reserves as of April, and gas exports fell almost 60 per cent over the last decade.
- Natural gas accounts for around 70 per cent of Bolivia's electricity mix.
- The IMF Executive Board approved a $1.9 billion loan for Bolivia on October 2, requiring the government to cut fuel subsidies and reduce public spending.
- Bolivia has already raised fuel prices and plans to scrap further gasoline subsidies from the beginning of next year.
- Bolivia's government announced plans in September to triple the fund financing refined fuel purchases, following similar moves by Peru and Ecuador.
Quotes
“International prices are forcing us to make complex choices.”
“We failed to take advantage of a historic opportunity that brought in immense revenue.”