Bolivia: Lives with two clocks showing different times | Vive con dos relojes que marcan horas distintas

By Brújula Digital:

CAO and Cainco Warn Government Is Moving at a Different Pace Than the Real Economy

The Eastern Agricultural Chamber (CAO) and the Santa Cruz Chamber of Industry, Commerce, Services and Tourism (Cainco) warned that the Bolivian government is moving at a different pace than the real economy, which faces mounting losses and difficulties with every day that decisions to address the crisis are delayed.

Lines for diesel continue to stretch across different regions of the country./Archive APG

In a joint statement titled “The Country Has Two Clocks,” the two organizations argued that Bolivia is operating under two different timelines.

“Bolivia lives with two clocks showing different times. One is the clock of the real economy, where a truck standing still costs money every hour, a crop planted late can be lost entirely, and a factory without inputs shuts down shifts the very same day. The other is the clock of the State,” the statement says.

According to both institutions, this difference in pace explains why the economic emergency continues despite the fact that the underlying problems have been known for months.

“We have all known the diagnosis of this crisis for more than nine months, and we also know who is responsible. Repeating it over and over changes nothing and is no longer an excuse. What is lacking is not information; what is lacking is speed,” they stated.

The business organizations said that industry, commerce, and agriculture are facing a common challenge and called for measures that would help revive economic activity.

“Industry, commerce, and the countryside are speaking together today because we are all standing on the same clock,” they emphasized.

One issue that, according to the statement, clearly illustrates the gap between the State’s timetable and the economy’s needs is fuel supply. The shortage of hydrocarbons, particularly diesel, continues to affect productive sectors despite government measures and announcements aimed at resolving the problem.

Cainco and CAO noted that fuel stations in Santa Cruz are receiving only one-third of the fuel volume required by the department.

“The immediate issue is fuel. The regulation has been signed, the implementing rules were issued weeks ago, and yet fuel stations in Santa Cruz are receiving only 30 percent of what the department needs,” they complained.

The chambers questioned why the country is still waiting for effective implementation of the measures while producers continue to face restrictions in carrying out their activities.

“The country is not waiting for another signature; it is waiting for existing signatures to reach the fuel tank,” they argued.

The statement also linked the fuel shortage to the condition of the agricultural sector and the availability of foreign currency.

“The fuel shortage and the exhaustion of our fields are the same phenomenon viewed from two different distances,” they said.

Both organizations argued that treating the fuel crisis and the decline in production as separate issues would be a mistake because they are closely interconnected.

Cainco and CAO also criticized delays in the discussion of the Investment Law. While they acknowledged that the legislation is necessary, they warned that it should not be approved hastily.

“Urgency cannot become improvisation,” they said, cautioning that a law passed with foreseeable flaws could return the country to the uncertainty it is intended to solve.

The business groups also recalled that the effects of the 50 days of road blockades continue to weigh on the national economy, with companies having lost contracts, markets, and part of their workforce.

“The blow dealt by the fifty days of blockades has not been overcome,” they stated.

Finally, they urged the State to speed up decision-making and establish a timetable for addressing the country’s most pressing economic challenges.

“What is missing is for the State to set its clock to the country’s time,” concludes the joint statement issued Friday in Santa Cruz de la Sierra.

BD/LE

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