This cartoon is from today’s El Diario. Current Economics Bolivian minister is walking inside a supermarket and prices around him show the before and after changes! He is saying: “…it just take someone from the government to pronounce that little word starting with G… and they rise all without control..!…” The G word is for…
Category: Business
Businessmen fear effects of the falling dollar exchange rate
Businessmen fear effects of the falling dollar Bolivian private entrepreneurs have warned that the continuing fall in the value of the dollar against the Bolivian could cause the foreclosure of some of their businesses due to financial losses as a result of this anti-competitive monetary governmental policy; or if necessary, the dismissal of some workers. On November 1,…
Bolivia and USA restored bilateral relations!!
Joint Statement by the United States of America and the Plurinational State of Bolivia Media Note; Office of the Spokesperson; Washington, DC; November 7, 2011 “Today, U.S. Under Secretary for Global Affairs Maria Otero and Bolivian Vice Foreign Minister Juan Carlos Alurralde signed a Framework Agreement to guide relations between the United States and Bolivia. The…
We spend more, don’t we need to invest?
Pagina Siete has a excellent article today: The budget for recurrent expenditures (salaries and wages, goods and services, interest and other debt) tripled between 2006 and 2011; during that time it went from 22,158 million to 69,453 million Bolivianos (exchange rate is “appreciating” the Bolivian currency, thus benefitting imports which are mostly sumptuary goods, subsidies and damaging our fragile export industries; one…
Governmental inflation estimate, falls short for 2011
El Deber’s website reported last night about current Bolivian government falling short on their inflation estimates. By the end of the year, the government was expecting a 6% annual inflation rate. Which was adjusted earlier this year, with an incredible 50% increase, yes that is right, 50% increase following the aftermath of the “gasolinazo” (government generated chaos by trying to…
Money laundering & terrorism financing update
The link below is from an earlier post about the Bolivian performance regarding anti-money laundering and financing of terrorism in the international arena, as evaluated by the Financial Action Task Force (FATF, GAFI in Spanish). https://bolivianthoughts.wordpress.com/2011/10/30/anti-money-laundering-combating-the-financing-of-terrorism/ Los Tiempos newspaper sent some questions to current Bolivian government regarding about our performance and today a reply was printed,…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 