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International Business Times
International Business Times
Business

Bolivia Risks Debt Default Without New Funding: President To AFP

Bolivian President Luis Arce has seen his approval ratings plummet since taking office in 2020 (Credit: AFP)

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday.

"We are trying not to default. We have every intention of paying our debt, but if we don't have the resources?" the embattled leader said in an interview in his office in La Paz.

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