Bolivia Seeks to Halt Bank Loan Payments Amidst Economic Hardship

Bolivia Proposes Loan Payment Moratorium Amidst Economic Crisis LA PAZ, BOLIVIA – In response to Bolivia's current economic challenges, a bill proposing a temporary suspension of bank loan payments has been presented to the Plurinational Legislative Assembly. The proposal, put forth by Eduardo Del Castillo and Milán Berna, aims to provide relief to citizens struggling with financial obligations. "Our country is facing a very complex economic situation," explained Del Castillo in an interview featured in a Bolivia TV report. "The shortage of currency has made it difficult to acquire essential goods like fuel, food, and medicine." The bill, if passed, would allow Bolivians to pause payments of both principal and interest on their loans until December 31, 2025, without incurring penalties or additional fees. Berna emphasized that this is not about avoiding payments but addressing the current economic difficulties. "We are asking our lawmakers to approve this bill immediately so that we can prioritize our families and find solutions today, not tomorrow," said Berna. The proposal has generated considerable public interest and debate in Bolivia, highlighting the urgency of addressing the nation's economic challenges and supporting its citizens.