(MENAFN) Bolivia’s newly elected center-right government, led by President Rodrigo Paz, has announced the elimination of visa requirements for citizens of the United States and Israel, according to reports.

The Foreign Ministry also removed visa obligations for travelers from South Korea, South Africa, Latvia, Estonia, and Romania. Foreign Minister Fernando Aramayo stated that the move is expected to generate at least $320 million in tourism revenue between 2026 and 2029.

Aramayo noted that the previous visa rules, in place since 2008 for several countries, were influenced by both “economic” and “ideological” considerations. President Paz added that Bolivia had forfeited over $80 million in potential revenue due to the former visa policies.

Under the previous administration of Evo Morales, visa requirements were first imposed on US citizens in 2007 and later extended to Israeli nationals in 2014.

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