The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.

The South American nation seeks to “strengthen international cooperation and guarantee legal certainty” through investments in key sectors such as energy, hydrocarbons, and mining.

José Luis Lupo, Minister of the Presidency, stated that these “legislative initiatives seek to provide long-term legal support for the decrees recently approved by the Executive Branch, which are aimed at boosting the economy and creating a more predictable environment for investors.”

Lupo explained that the package of laws will be sent to the Legislative Assembly for the evaluation of “projects related to international loans secured by President Rodrigo Paz Pereira from multilateral organizations such as the Development Bank of Latin America and the Caribbean (CAF) and the Inter-American Development Bank (IDB).”

He emphasized the country’s goal of “overcoming regulatory barriers, reducing bureaucracy, and strengthening the rule of law, with the aim of creating favorable conditions for investment, technology transfer, and export growth.”

M.Pino

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Bolivian President Rodrigo Paz Pereira, along with Minister of Economy José Gabriel Espinoza, announced the comprehensive overhaul of the 2026 General State Budget (PGE), which includes a 30 % cut in public spending.

This is the largest adjustment implemented in the country in over a decade. The president stated that the measure “seeks to dismantle an excessively spending-oriented system inherited from the previous government and redirect resources toward investment, macroeconomic stability, and the efficiency of the state apparatus.”

As a first step in this reform, the government plans to request the return of the 2026 General State Budget (PGE-2026) from the Chamber of Deputies. This budget was prepared and submitted to the legislature in the final weeks of the previous administration, led by Luis Arce, in order to review it and replace it with a plan aligned with the new fiscal priorities.

The president stated that they will reformulate this budget, which was designed for spending rather than investment or to benefit Bolivians.

Minister Espinoza added that “the Executive Branch will incorporate an article into the new law that will allow for a review of the budget until February 2026 under a strict rule: reducing fiscal spending by at least 30 percent. This will require a detailed evaluation of each public institution, its operating budgets, and current programs.”

The government will focus on crucial issues for Bolivia’s economy and development, such as defining the exchange rate of the dollar and the new fuel subsidy policy. According to the Constitution of the South American nation, the Legislative Assembly must debate, modify, or approve the new budget within 60 days of receiving it; otherwise, the bill is automatically enacted.

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The President of the Development Bank of Latin America and the Caribbean, Sergio Díaz-Granados, announced on Monday an immediate $550 million loan to provide liquidity to Bolivia.

The news was communicated directly to the new president of the South American nation, Rodrigo Paz Pereira, as the “first concrete operation of the Economic Recovery Support Program (PAREC).”

 The president of CAF stated: “We want to support the new government in transforming structural challenges into concrete opportunities for sustainable growth, strengthening macroeconomic stability, improving regional connectivity, and prioritizing the well-being of millions of Bolivians.”

With this loan, the multilateral institution becomes the first to present a concrete assistance plan to the country under the new government, which took office on November 8.

Díaz-Granados clarified that the funds will ensure compliance with urgent financial commitments and “generate certainty in the implementation of the government’s economic program.”

This loan approved for Bolivia is part of a larger package of up to $3.1 billion, planned for the next five years and subject to approval by the CAF Board of Directors.

These initiatives are based on four pillars: “macroeconomic stabilization, national and regional integration, well-being and social inclusion with a gender focus, and environmental sustainability and climate action.”

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