Economic crisis triggered by declining Bolivia gas reserves and fuel shortages
- 1Fuel shortages have intensified as Bolivia's gas production decreased by nearly 60% over the past 10 years.
- 2As of April, Bolivia's proven reserves have declined to the level of 3.7 trillion cubic feet of gas resources.
- 3In September, the Bolivian Congress approved a $1.9 billion loan from the International Monetary Fund (IMF).
So what's the key point?
Bolivia is facing fuel shortages because gas production has dropped by 60% over the last 10 years. To address the economic crisis caused by these shrinking resources, the country has decided to borrow money from the International Monetary Fund.
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