Negative effects of Price controls in Bolivia

This cartoon appeared in El Diario on July 6, 2011. It portrays how small vendors are reacting to this government’s policy on price ranges for given food products (while ‘Finance minister’ looks in disbelief). This reaction has impacted consumer’s economy since last year. Despite government officials’ assurances, it is expected that this year’s inflation will…

Bolivian businesses awarded for excellence!!

Kudos go to: Menno Travel, S.R.L., Beneficiadora de Almendras Urkupiña S.R.L., Bolital, Consorcio Jurídico & Empresarial “Jurtecont”, Cooperativa de Ahorro y Crédito San Martín de Porres, Comunicaciones El País, Crédito con Educación Rural (Crecer), Import Export San Jorge, Ingeniería de Datos y Computación, Japebu Bienes Raìces – Inversiones, Ecológica Natu Diet en Estevia y Cereales, Cooperativa de Ahorro y Crédito San Pedro, Setramex CTI Grupo Express. They are Bolivian entrepreneurs who received recognition from the World Confederation of Business (www.worldcob.com)….

Negative government intervention and anarchy – UPDATE

Regarding this government’s intention to control prices, a reaction came from the International Monetary Fund (IMF): Gabriel Lopetegui, Chief of Mission for the IMF in Bolivia, said yesterday that world food prices in the last years, were consistently high and that generates social negative impacts. He also stated that a solution to that problem is…

Negative government intervention and anarchy

Unfortunate news were released today: Negative government economic intervention and violent takeover of a mine resulted in the murder of one woman. Teresa Morales, Productive Development Ministry, has stated that there will be a range of approved prices for poultry, corn, wheat, sorghum, sugar cane. She said that given the “succesful” control of vegetable oil pricing,…

Today’s road blockade in Santa Cruz – UPDATE

After ten hours, road transit was restored from Santa Cruz city to Camiri; Samaipata – Cochabamba (old road).  Citizens from La Guardia and surroundings were asking Mario Subirana to resign, as an apparent alliance with current political party in government and for “betraying” elected Mayor, Jorge ‘Chichino” Morales. The Mayor considered by some in-country and…

USA and Bolivia diplomatic relations

Today, current Bolivian president has stated his willingness to restore diplomatic relations with the USA. In the first link he asks European Ambassadors to mediate in this issue. In both articles, he reiterates relationship should be without any impositions… whatever that is in his understanding. http://www.paginasiete.bo/2011-06-27/Nacional/Destacados/EEUU.aspx http://www.eldeber.com.bo/2011/2011-06-27/vernotaahora.php?id=110627123829 Currently, American aid is at its lowest point, during…