Loan Payment Freeze Proposed in Cochabamba Amidst Crisis

Cochabamba Residents Welcome Loan Payment Moratorium Proposal Amidst Blockades Cochabamba, Bolivia – Amidst ongoing blockades by supporters of former President Evo Morales, which have deepened the economic and social crisis in the country, a proposal to temporarily suspend loan payments has been welcomed by residents of Cochabamba. The proposal, put forward by Eduardo Del Castillo and Milán Berna, suggests a pause in both capital and interest payments on bank loans. The initiative aims to provide relief to families struggling amidst the unrest. "This is a much-needed measure," stated one Cochabamba resident in an interview featured on Bolivia TV. "The blockades have made it difficult to earn a living, and this will give us some breathing room." The proposal, presented to the Plurinational Legislative Assembly (ALP), outlines a temporary suspension of payments until December 31st, 2025. It is understood that no additional penalties or interest will be incurred during this period. The Binomio del MAS is actively pushing for the approval of this law. While the long-term effects of the proposal remain to be seen, the immediate reaction from Cochabamba residents suggests a positive impact on their financial well-being during a time of significant hardship. The ALP's decision on the proposal will be closely watched by many across Bolivia.