Cainco warns that the country is on the verge of collapse “behind smoke screens” and calls for dialogue | Cainco advierte que el país está al borde del colapso “detrás de cortinas de humo” y llama al diálogo

By Raúl Domínguez, El Deber: The president of the organization called for action from “those responsible for providing certainty, but who today only show mediocrity disguised as good intentions.” In an institutional video released Thursday afternoon, Jean Pierre Antelo, president of the Chamber of Industry, Services, and Tourism of Santa Cruz (Cainco), warned that the…

It is urgent to reduce public spending and close unprofitable companies | Urge reducir gasto público y cerrar empresas deficitarias

El Diario: Crisis may worsen Following negative ratings from institutions and international organizations for Bolivia, the current government administration must meet a series of challenges to improve the country’s credit image. Economists suggest that reducing public spending, closing loss-making state-owned companies, and shutting down ministries are tasks the current administration must undertake; otherwise, the economic…

They warn that the national currency has lost value against the dollar by between 40% and 70% | Advierten que la moneda nacional perdió valor frente al dólar entre 40% y 70%

By Marco Antonio Belmonte, Vision 360: External Analysis S&P Global Ratings warns that limited access to external financing and the challenges faced by the private sector in accessing foreign currency at the official exchange rate have led to depreciation in currency exchange markets. The Bolivian currency loses value against the dollar in the parallel market,…