El Diario: The gas has run out and the Government “does not have money” The President of the State, Luis Arce Catacora, publicly admitted yesterday that “the gas has run out” and that his government no longer has the resources to meet the demands of the population. He insisted that “the right” and the “evista”…
Tag: state-owned 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…
Malfeasance managing lithium | Estafa en la gestión del litio
Editorial, Opinion: New Plundering of the Bolivian State? An audit conducted by Yacimientos del Litio Bolivianos (YLB) on the construction of the evaporation pools at the lithium plant in the Uyuni salt flats concluded that at least four crimes were committed in this project, resulting in an economic damage of 425 million Bolivianos to the…
Salary Increase with Political Undertones | Incremento salarial con tinte político
Editorial, El Deber: Once again, history repeats itself with the Government and the Bolivian Labor Confederation (COB) agreeing on a 5.85% increase to the national minimum wage and a 3% increase to the basic wage, in a negotiation that excluded the business sector, which had previously requested a salary freeze due to the country’s difficult…
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…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 