BOLIVIAN legislators have approved a $1.9 billion (£1.4bn) loan agreement with the International Monetary Fund (IMF), despite labour movement warnings that government spending cuts required under the deal would deepen hardship for already struggling families.Just hours after Congress approved the loan, President Rodrigo Paz announced an immediate end to subsidies on diesel in line with IMF demands. Petrol remains subsidised for now, though Mr Paz has already reduced that support in recent months.

BOLIVIAN legislators have approved a $1.9 billion (£1.4bn) loan agreement with the International Monetary Fund (IMF), despite labour movement warnings that government spending cuts required under the deal would deepen hardship for already struggling families.

Just hours after Congress approved the loan, President Rodrigo Paz announced an immediate end to subsidies on diesel in line with IMF demands. Petrol remains subsidised for now, though Mr Paz has already reduced that support in recent months.

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