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Bolivia—another strike from the resources curse?

An IMF study fears Bolivia's gas boom could explode. It wants the government to change tack

Bolivia is under pressure from the International Monetary Fund to offer tax and other incentives to attract more foreign companies and speed up the exploration and development of new gas reserves before existing fields run dry. The IMF is also concerned at the country's fast-rising public debt as President Evo Morales's long-serving socialist government continues to spend heavily despite plummeting revenues from oil and gas exports. In its latest report on the financial health of one of South America's poorest countries, the IMF also expressed doubts about the long-term focus of state-owned oil company YPFB on "exploitation rather than exploration". It also has reservations about Bolivia's

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