Editorial, El Deber: “There isn’t as much money in the country as there was before,” was the President Luis Arce’s emphatic statement on Sunday in a rural area. It was the first time he admitted this reality, although he may have regretted it since his Minister of Economy, Marcelo Montenegro, held a press conference yesterday…
Tag: public policy failures
Dangerous denial on economic status | Negación peligrosa sobre el estatus económico
By ANF, Eju.tv: Analyst on Moody’s report: Government’s denial is already dangerous for the country The expert stated that the downgrade in sovereign debt rating is a “very low credit quality rating.” After the report from the rating agency Moody’s, which downgrades Bolivia’s credit rating from Caa1 to Caa3, economist Gabriel Espinoza stated that the…
Economy in bankruptcy | Economía en quiebra
Editorial, El Dia: The Economist is the most prestigious specialized publication in the world. Major billionaires, the most serious governments, and leading global companies make decisions based on its articles and opinions. Luis Arce cannot dismiss them as mere “opinion makers” and “doomsayers,” as he often labels those who have been talking for years about…
Boom Turned to Bust | Auge convertido en fracaso
By Matthew Bristow and Sergio Mendoza, Bloomberg, Yahoo News: Bolivia’s Boom Has Turned to Bust, Fueling an Unlikely Presidential Comeback Bid (Bloomberg) — In the thin air of El Alto, just below the Andean snowline, shoppers hunt for bargains at stalls selling cheap shoes, school books, cookware or counterfeit clothing. Signs of Bolivia’s emerging financial…
Warming, deforestation, and pollution | Calentamiento, deforestación y contaminación
By Deisy Ortiz Duran, El Deber: The warming, deforestation, and pollution are the wounds of Mother Earth in Bolivia It is the third country with the most forest coverage in South America, but it also faces deforestation, pollution, and the effects of climate change that strike across the country. Bolivia is a privileged region with…
The salary negotiation and reality | La negociación salarial y la realidad
Editorial, El Deber: The Bolivian Labor Confederation and the Government are in full negotiation over salary increases. The labor union is asking for an eight percent increase in the basic salary and a seven percent increase in the national minimum wage. This aspiration is completely detached from reality, reflecting a trend towards tightening belts in…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 