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Economy & Business - February 2026

BOLIVIA: Good news and bad

The international credit ratings agency Fitch upgraded Bolivia’s credit rating from CCC- to CCC on 16 January, stating that this “reflects easing risks of default or restructuring due to reduced political constraints on external financing, financing commitments from multilaterals, and the elimination of fuel subsidies, which should support fiscal deficit reduction and reserve accumulation”. However, on 20 January, the president of the central bank (BCB), David Espinoza, revealed that the bank had major gold debts due to forward sales contracts agreed under former president Luis Arce (2020-2025).

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