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Bolivian Congress passes law authorizing up to 15% pension fund withdrawals as pandemic aid

RIO DE JANEIRO, BRAZIL - Bolivian Congress yesterday (25) passed a government-backed law allowing citizens to withdraw up to 15% of their private pension funds to assist them in addressing the impact of the Covid-19 pandemic and related blockades.

An estimated 1.4 million people in the 11.51 million-strong South American country have lost their jobs during the pandemic. Bolivia has suffered 3 Covid waves so far and has only vaccinated 26% of its population with at least one dose.

Bolivia's Economy Minister Marcelo Montenegro said the plan is "an exceptional and unique measure" after senators . . .

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