Lack of dollars, inflation, and social conflicts | Falta de dólares, inflación y conflictos sociales

By Unitel.bo, Eju.tv:

Lack of dollars, inflation, and social conflicts: Economic sectors urge the government to address these issues

Exporters believe it is time for the government to leverage the private sector’s capacity to bring fresh foreign currency into the country and inject it into the economy.

Reference image of markets

In a general election year, economic sectors urge the Government to set aside political agendas and make decisions that benefit all Bolivians; otherwise, the economic crisis cannot be contained.

But how can the situation improve with the current economic problems, such as the lack of dollars, rising prices, and social instability? These are factors of concern for various economic actors.

“First, the Government must tell the truth, that Bolivia is in crisis,” emphasizes union leader Toño Siñani, who recalls that the shortage of U.S. dollars has hindered the importation of raw materials, driving up the prices of various products and food.

Meanwhile, Gary Rodríguez, manager of IBCE, stresses the need for legal market security, avoiding land grabs and blockades, and providing certainty by ensuring there are no sudden changes to the rules of the game.

Exporters believe it is time for the Government to harness the private sector’s capacity to bring in foreign currency, emphasizing the importance of boosting it. Ideally, exports should be fully liberalized to provide certainty.

For Pablo Camacho, president of the National Chamber of Industries (CNI), this is the time to achieve consensus and dialogue with tangible results. “What Bolivia wants today is certainty.”

Setting aside political agendas, ensuring general elections, implementing containment measures, and acknowledging deficiencies are issues that must be addressed and fulfilled.

We need to strengthen competitiveness, improve exports, and focus on agribusiness and tourism. This requires revisiting and reorienting the vision of growth and development in Bolivia,” says analyst Enrique Ayo.

Leave a comment