# IMF financial disbursements to Madagascar and Bolivia > Live situation record from CLSTR: https://clstr.news/situations/imf-financial-disbursements-to-madagascar-and-bolivia > Updated: 2026-10-09T18:36:03.000Z. Sources: 26. Developments: 4. The International Monetary Fund (IMF) has issued significant financial disbursements to Madagascar and Bolivia to address economic stability and reserve requirements. In Madagascar, the IMF approved an immediate US$155 million disbursement following reviews of the country’s programs under the Extended Credit Facility and the Resilience and Sustainability Facility. This support aims to mitigate challenges such as a widening external deficit, infrastructure damage from tropical cyclones, and rising inflation. In Bolivia, the Central Bank of Bolivia (BCB) confirmed the receipt of the first installment under a 36-month Extended Fund Facility (EFF) totaling approximately US$211.3 million, equivalent to 156.1 million Special Drawing Rights (SDR). The BCB noted that the discrepancy from initial US$214 million estimates was due to the fluctuating value of the SDR against its basket of currencies. This payment is part of a broader $1.9 billion agreement to strengthen international reserves and stabilize the national exchange rate. Following these developments, the BCB reported that net international reserves reached $3,932.8 million as of September 30, 2026, an 8.7% increase from the end of June. This growth was driven by foreign exchange operations exceeding $400 million and the purchase of 4.1 tons of gold, bringing total physical gold reserves to 25.3 tons. Regarding external debt, the BCB projects $223 million in payments for the fourth quarter of 2026, primarily to the Development Bank of Latin America (CAF) and the Inter-American Development Bank (IDB). The nation's debt-to-GDP ratio remains at 26.1%. ## Claims - Bolivia will receive an initial disbursement of $214 million from the IMF to strengthen international reserves and stabilize the exchange rate. (corroborated by 3 sources) - The total IMF financing agreement for Bolivia is approximately $1.9 billion over a 36-month period. (corroborated by 2 sources) - Moody's has upgraded Bolivia's credit rating by two levels within the last ten months. (single source) - Bolivia will host the RedLAC 2026 Congress in Santa Cruz from October 6 to 8, 2026, to discuss biodiversity conservation financing. (single source) ## Timeline ### 2026-10-09: Bolivia reports increase in international reserves and debt projections Bolivia's Central Bank reported an 8.7% increase in international reserves to $3,932.8 million, driven by gold purchases, while projecting $223 million in external debt payments for the fourth quarter of 2026. 4 sources. https://clstr.news/cluster/bolivia-reports-increase-in-international-reserves-and-debt-projections ### 2026-10-07: IMF delivers first US$211.3 million disbursement to Bolivia Bolivia received its first IMF disbursement of US$211.3 million (156.1 million SDR) to bolster international reserves and support the balance of payments. 3 sources. https://clstr.news/cluster/imf-delivers-first-us2113-million-disbursement-to-bolivia ### 2026-10-05: Bolivia receives first $214 million IMF disbursement to stabilize economy Bolivia will receive an initial $214 million disbursement from the IMF to bolster international reserves and stabilize the exchange rate as part of a $1.9 billion financing agreement. 18 sources. https://clstr.news/cluster/caf-announces-development-funding-for-panama-and-bolivia ### 2026-09-30: IMF approves US$155m disbursement for Madagascar The IMF has approved a US$155 million disbursement to Madagascar to support economic stability and climate resilience amid rising oil costs, infrastructure damage, and a widening external deficit. 2 sources. https://clstr.news/cluster/imf-approves-us155m-disbursement-for-madagascar --- Cite as: IMF financial disbursements to Madagascar and Bolivia. CLSTR, https://clstr.news/situations/imf-financial-disbursements-to-madagascar-and-bolivia