Jesus J. Luque
I remember when I was a child accompanying my dad, to make some payments for some work he did and allocate part of this money to the purchase of US dollars and see calm on his face and feel safer for having that foreign currency in his possession.
The latest news brings back those kinds of memories, the population of northern Argentina is acquiring Bolivians to save, knowing this one does not know whether to rejoice because the Bolivian is more stable; Comparing it to a soccer match, Bolivia is stronger. Or worry, because things are not good there, and think about how our compatriots who left to look for better days in that country are having it. What forces us to look for explanations, what is happening?, of the reason for this situation.
Reviewing the media, official information of an economic nature has been disseminated announcing how: we are getting ahead with the economic reactivation, we have a solid financial system, Bolivia is the country best positioned to resist the effects of the war and that we are the country with the lowest inflation worldwide and others that go through social networks.
Well, the stability of the Bolivian economy and its currency can be explained as the consequence of various measures taken by the government, which have protected Bolivians in a timely manner. Let’s see some of these. The hydrocarbon subsidy, a measure that has been in place for some time, which keeps the price of gasoline and diesel frozen, its effect benefits the large agricultural businessmen of the east, who use the subsidized diesel for their machinery in planting and harvesting. harvest of large hectares of soybeans, sorghum, sugar cane, to supply the market and keep its production costs stable in that sector. The price of gasoline remains static, so carriers do not raise the price of tickets, thus giving peace of mind to the population.
Productive subsidies made through Emapa, a state company that supports small and medium-sized producers and encourages food production, to give stability to the market prices of certain items of the family basket, such as rice, wheat, corn and others that are They are used to guarantee the production of meat, such as chicken and pork.
Another important measure is the expansion of access to financial services at low interest rates. Through Law No. 343, the government ordered financial intermediation entities to allocate credits to the productive sector for both capital and operations. In addition, loans for the purchase of housing with a social meaning, to give access to that great demand for homeownership, or for its improvement or expansion.
Bonds intended for highly sensitive sectors, such as the elderly, school-age children, pregnant mothers, the disabled, sectors that, due to their situation and condition, were displaced and now find the resources they cover your basic needs.
The measures applied, which are very similar to the demands made by the Ecuadorian people, who were mobilized for 18 days and which were the basis for the signing of the peace agreement, such as; the hydrocarbon subsidy, the urea subsidy (fertilizer for agriculture), the forgiveness of small loans up to 3,000 dollars, the granting of agricultural loans up to 5,000 dollars with a 30-year term and an interest rate of 1%.
Now my dad no longer has to worry about going to buy US dollars, because now he saves in bolivianos and he feels safer. And we have Argentina and Ecuador as witnesses to the success of the measures adopted in our country, to the veracity of the information disseminated not only in the media, but also by international organizations and media specialized in the economic area that they show Bolivia with stable indicators and with good prospects for growth at the regional level, despite the international context, so personal perceptions or analyzes that have more of a political content with ill wishes must be left aside.
