“Economic Corpse” Warning | La advertencia del “cadáver económico”

By Eju.tv:

Economist Chávez warns that the government is leaving behind an “economic corpse” and wants to dress it up before leaving

Chávez criticized the government’s “economic makeup,” aimed at portraying stability. “Several things are happening now in order to dress up the collapsing economic house and present it as if it were fine before leaving,” he said.

Santa Cruz.– Economist Gonzalo Chávez warned that the current government is leaving behind an “economic corpse.” Despite attempts to show stability through propaganda and “makeup,” the true magnitude of the crisis will become evident once the next administration takes office.

Chávez used a medical metaphor to describe the state of Bolivia’s economy, pointing out that the new government will need to act in emergency mode to “stabilize the patient” before embarking on structural reforms.

“The next government will see that the economic body is truly a disaster, and the first thing it will do is take it into intensive care. The first step will be to close the fiscal gap of 10% of GDP, provide financial serum, dollars. In other words, act in emergency mode and make certain adjustments so the patient doesn’t die. That will take, with luck, between 4 and 6 months,” he explained in an interview on the radio program La Hora Pico of eju.tv, hosted by Belén Mendivil, Jorge Robles, and Ernesto Justiniano.

He later stated that the country will have to face a phase of “major surgery” to resolve long-term structural problems. Among the urgent measures he mentioned were the approval of a new Hydrocarbons Law, a new Mining Law, and the closure of inefficient state-owned companies.

Chávez stressed that recovery will not be quick or simple, since “there is no magical solution, no silver bullet. We will have to move forward gradually, and it will depend on the skill of the economic surgeons who take office in the next government. In addition, dollars will be needed, which are the patient’s blood, and right now we don’t have them.”

The economist warned that the shortage of foreign currency is the most serious problem the country faces in the short term, comparing it to a patient in urgent need of a blood transfusion. “There are no dollars, above all, because the first thing the country needs is dollars, that’s like blood. The challenge will be to obtain them, even little by little, to stabilize the economy,” he said.

These statements can be heard starting at minute 5:40 of the video attached to this article.

por Yola Layme H

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