The recent recognition of President Luis Arce The lack of dollars as a ‘bottleneck’ in the Bolivian economy reflects the complexity of the challenges facing the country. This lack of foreign currency, according to Arce, is partly due to the fall in gas exports, a crucial source of income for Bolivia. However, the president also points to the blocking of international credits in the Plurinational Legislative Assembly (ALP) as a key factor that has aggravated the situation.
Arce’s statement highlights the interconnection between politics and economics, and how legislative decisions can have significant repercussions on the financial well-being of the country. The blocking of international credits, which under normal circumstances would have allowed greater availability of dollars, has exacerbated the crisis, hindering economic and financial stability. However, it overlooks two fundamental issues: export quotas and the fiscal deficit; the lack of money is not solved with credit, it must be ‘shrink’ the State as is done in Argentina.
Identifying this problem This is only the first step. It is essential that the Government and the ALP work together to find solutions. Otherwise, the Bolivian economy will continue to face difficulties, with negative impacts on investment, employment and the general well-being of the population. The current situation demands a concerted and determined approach.
