Bolivia’s lawmakers approved an agreement allowing the country to access $1.9 billion in financing from the International Monetary Fund under a 36-month Extended Fund Facility program. IMF staff and Bolivian authorities reached a related agreement in July, subject to approval by the IMF Executive Board. The package is intended to address foreign-currency shortages, fiscal deterioration and declining international reserves, and could facilitate more than $5 billion in additional funding from the World Bank, the Inter-American Development Bank and other partners. The stabilization measures include reducing the fiscal deficit, limiting monetary financing of public spending, strengthening monetary discipline, adopting a more flexible exchange-rate regime, eliminating fuel subsidies and pursuing productivity and investment reforms, with protective mechanisms for vulnerable groups. The program also commits Bolivia to develop a robust regulatory and supervisory framework for virtual assets to limit illicit capital outflows and support financial stability. The Sept. 10 memorandum does not set an implementation deadline, identify a lead regulator or specify licensing, reporting or stablecoin rules. USDT use has expanded during the dollar shortage, while Bolivia remains under increased monitoring by the Financial Action Task Force.