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Bolivia returns IMF loan after Central Bank says it violated sovereignty and increased debt
Musicians perform during a "Martes de Challa,” or Challa Tuesday celebration, in which devotees bury food, throw candies, burn incense, decorate their houses, businesses, cars, all in a show of gratitude to Pachamama or Mother Earth, in La Paz

AN International Monetary Fund (IMF) loan that was “irregularly managed” by Bolivia’s former coup administration of Jeanine Anez has been sent back, the central bank announced on Wednesday.

According to the bank, the loan of $356.7 million (£249m) had jeopardised “the country’s sovereignty and economic interests” through a rapid financing instrument (RFI), which placed conditions on fiscal, financial, exchange rate and monetary duties.

The loan was approved by the IMF last April, with the executive saying that it was necessary for “urgently required medical spending and relief measures, while addressing the country’s balance of payments needs.”

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