El Diario reports:
Bolivia must diversify its economy and production
• Representatives and experts from the World Bank, IDB, CAF and ECLAC, meeting at the Government Palace, recommended to the national authorities to take prudential measures in economic issues, in addition to seeking other options in the international oil crisis and to evaluate issues of global economy.
Four international organizations, in a meeting held yesterday [03/02/2016] at the Government Palace, recommended to the national authorities to take prudential economic measures in order to address the international crisis, due to low commodity prices.
The World Bank director, Alberto Rodriguez said Bolivia has currency reserves to face the crisis, but recommended “prudence in the way.” He also said that they stressed on economic diversification, currency devaluation, adjustment of current expenditure and opening new markets.
Rodriguez said that several countries have begun to increase their productivity, others adjust their spending and open markets through trade agreements.
He also clarified that the meeting did not discuss measures but shared the experiences of other countries in the world, and apply the tools to deal with the international situation. He also said that some Asian countries began to take action.
The egocentric and infallible position that current ochlocracy takes, would probably dismiss these important suggestions.