By El Diario: The boliviano is facing its highest exchange rate pressure in over a decade, as the value of the U.S. dollar in the parallel market surges, creating an unprecedented gap with the official exchange rate. Although the Central Bank of Bolivia (BCB) maintains the official rate at 6.96 bolivianos per dollar, on the…
Tag: ineptocracy
Fiscal pact urged due to falling gas revenue | Urge un pacto fiscal por caída de ingresos de la renta del gas
By El Diario: Affected Departments In light of the decline in revenue from natural gas sales to Brazil and the termination of the contract with Argentina, the economic situation of the departmental governments is deteriorating, as about 95% of their budgets rely on royalties. Therefore, a fiscal pact is being proposed to revise the revenue…
Crisis has not stopped and tends to worsen | Crisis no se ha detenido y tiende a agudizarse
By El Diario: Analyst warns Echoing opinions that view recent statements by President Luis Arce Catacora as a confession of the country’s delicate economic state, analyst and university professor Julio Alvarado stated that the president contradicts himself by denying the crisis while acknowledging uncertainty over the internal fuel supply, a situation that only points to…
Bolivia: la nueva frontera para las pequeñas empresas crypto | the new frontier for small crypto enterprises
Por Cryptonomist: En Bolivia, las crypto están rápidamente convirtiéndose en una solución innovadora para las pequeñas empresas que enfrentan desafíos económicos e inestabilidad cambiaria. Esta tendencia, en crecimiento en 2024, refleja un cambio más amplio a nivel regional en América Latina hacia el uso de activos digitales para eludir sistemas bancarios tradicionales y defenderse de la inflación. La difusión de las…
IATA: Bolivia Fuel Crisis Hits Flights | Vuelos en Riesgo por Combustible
By Fernando Chávez, Visión 360: IATA denounces Bolivian government over fuel shortage and warns air operations are at risk “If the regular supply of fuel is not restored immediately, airlines could be forced to cancel their services,” the organization warns. An airplane at an airport terminal in an archive image. Photo: LOG.co The International Air…
Bolivian economy faces more risks than solutions | Economía boliviana con más riesgos que soluciones
By El Diario: Bolivia needs around $800 million to purchase fuel, while debt payments are close to that amount. Following President Luis Arce Catacora’s statements that the country “lives day to day” due to the lack of dollars—along with the downgrade by Standard & Poor’s (S&P)—Bolivia’s economy remains at risk regarding debt payments and fuel…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 