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August 16, 2024
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Banks say currency controls will create uncertainty in the financial system

Banks say currency controls will create uncertainty in the financial system

Friday 08/16/2024 08:47 AM undefined

Shortages of foreign currency and fuel, as well as the implementation of biotechnology and regulations to stop land grabs, are the pending issues that should be resolved in the meeting scheduled for this Saturday between President Luis Arce Catacora and the Agricultural Chamber of the East (CAO).

Representatives of some of the organizations that make up this institution said they have high expectations of what may come out of this important meeting that will take place tomorrow in Santa Cruz de la Sierra.

Omar Castro, head of the Santa Cruz Poultry Farmers Association (ADA), said that in the last meeting with President Arce, held last Wednesday, the 14th, he stated that decisions to solve the economic problems would be resolved in this meeting with representatives of the Santa Cruz agricultural sector.

“The president (Luis Arce) said that there was a meeting with the CAO and other sectors, and that he was going personally (to Santa Cruz) with his ministers to make decisions there. In other words, he wants to make decisions that have an immediate effect because what he does not want is a meeting where (only) conclusions are reached, but no further progress is made. So we hope to be successful this Saturday,” said Castro.

Nué Morón, president of the Association of Fruit and Vegetable Growers of Santa Cruz (Asofruth), said that he hopes that this meeting will resolve several pending issues, such as the legal issue, the lack of diesel and foreign currency, among others. He therefore hopes that at the meeting on Saturday with President Arce, the producers’ doubts will be clarified.

“We (in the meeting with Minister María Nela Prada) have asked for answers to the legal law against land grabs and the lack of diesel, for example. Because these are issues that we have been discussing with the national government and we hope that the answers will be given this Saturday,” he added.

Meanwhile, Mario Moreno, president of the Santa Cruz Corn Producers Association (Promasor), said he hopes that at this meeting the use of biotechnology by the sector can be approved at least.

List of demands

Eduardo Cirbián, president of the Departmental Federation of Milk Producers (Fedeple), said that the expectations for tomorrow’s meeting with President Arce are that solutions will emerge due to the demands that have been raised at the ordinary congress held last week.

A week ago, the CAO issued a statement calling for a resolution to the problems of diesel supply, full liberalization of exports, access to biotechnology, elimination of price bands and other regulations, such as legal security, in addition to obtaining foreign currency for the import of inputs for production, says part of the statement that was read by José Luis Farah, head of the CAO.

They also asked the Santa Cruz Committee to call an expanded board meeting, since the current situation affects not only one sector, but also Bolivian families.

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