It is urgent to reduce public spending and close unprofitable companies | Urge reducir gasto público y cerrar empresas deficitarias

El Diario:

Crisis may worsen

Economists argue that the devaluation of the boliviano is already a fact.

Following negative ratings from institutions and international organizations for Bolivia, the current government administration must meet a series of challenges to improve the country’s credit image.

Economists suggest that reducing public spending, closing loss-making state-owned companies, and shutting down ministries are tasks the current administration must undertake; otherwise, the economic crisis will worsen, and there is a risk of stagflation.

Furthermore, they argue that Bolivia will require a loan of $3 billion if it wishes to implement changes to its economic policy.

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