By El Diario: The idea that debt represents a low percentage of the Gross Domestic Product (GDP), compared to other government administrations, does not mean that external debt has decreased; on the contrary, it increased from 2005 to 2024 by more than 150%, from 5 billion dollars to over 13.4 billion. The government is looking…
Tag: foreign debt
The Bolivian Pontius Pilate and the seven plagues | El Poncio Pilatos boliviano y las siete plagas
By Napoleón Pacheco, Brújula Digital: On the night of Sunday, September 8, President Luis Arce presented himself as the Bolivian Pontius Pilate. Why? He claimed that the reason for the dollar shortage, one of the symptoms of the crisis, was Evo Morales, as he “did not take care” of the “nationalization” since there was no…
For the sake of the country, no more debts | Por el bien del país, no más deudas
Editorial, El DIa: Debts are not inherently bad when they fall into good hands. The largest fortunes, the most competitive companies, and the most outstanding achievements in history have been made based on borrowing. But behind that money lies a plan, a brilliant idea, hard work, discipline, and a series of virtues that are nowhere…
Fitch downgrades Bolivia’s rating | Fitch baja la calificación de Bolivia
The Star: Fitch cut the country to CCC from B- after reserves dipped by US$2.1bil last year to just US$1.7bil. — Bloomberg LA PAZ: Bolivia was downgraded further into junk territory by Fitch Ratings, which says falling international reserves threaten the nation’s ability to service its debt. Fitch cut the country to CCC from B-…
On the verge of bankruptcy – Bolivia – Al borde de la quiebra
El Diario: Bolivia is on the list of 21 countries on the verge of bankruptcy Data compiled by Bloomberg show that Bolivia is among the 21 countries on the brink of bankruptcy and some have already made the decision to renegotiate their debt. The rapid rise in Treasury yields has once again raised fears of…
Indebtedness of the country was unnecessary – Endeudamiento del país fue innecesario
El Diario reports: Minister José Luis Parada Indebtedness of the country was unnecessary The external debt of $2,443 million dollars in 2008 rose to $11,079 million dollars in 2019, according to the authority The country’s foreign debt grew fivefold despite the 60% forgiveness received by the government of Evo Morales, said the Minister of Economy…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 