From the Wall Street Journal online edition:
The approval of a new constitution in January eased some tensions, Fitch noted, while "increased discretionary public spending and conditional cash transfers may continue to mitigate social pressures arising from economic deceleration and declining remittances."
Fitch noted Bolivia has been able to navigate slumping commodity prices and exports while "limited foreign participation in Bolivia's banking system as well as the absence of toxic assets or sizable international funding has shielded the country from fallout from the global crisis through direct financial channels."Despite increased spending by the Morales administration, Bolivia's government has continued to run surpluses.
P.S. The Dude slept in as he often does and Otto beat him to the headline.