Bolivia just told investors it’s close to landing an IMF financing deal, and the timing is no coincidence. The announcement comes on the heels of one of the country’s most consequential economic policy changes in recent memory: ditching a fixed dollar peg that had been in place since 2011.
The prospective deal, structured as an Extended Fund Facility, could be worth between $2.6 billion and $3.3 billion. That range represents 792% to 1,005% of Bolivia’s IMF quota.
From fixed to floating
For over a decade, Bolivia pegged its currency, the boliviano, at roughly 6.9 to the US dollar. By late 2025, the parallel market rate had ballooned to between 12.9 and 14.5 bolivianos per dollar.
In April 2026, financial institutions were formally authorized to buy and sell dollars at market-driven prices.
