By John Manning, International Banker It’s been an eventful last few months for Bolivia, especially since October, when then-President Evo Morales, the country’s leader for more than 13 years, was forced from his position on the back of a disputed election. One of the most economically successful of Latin America’s new crop of leftist leaders who…
Tag: state-owned failures
The hidden inheritances – Las herencias ocultas
Humberto Vacaflor writes in El Diario: The hidden inheritances Contrary to what happens in some novels or movies, in which the character is surprised because someone left him some inheritance that he did not expect, in Bolivia inheritances left by MAS are being discovered, which are, in reality, time bombs. The joy with which the…
evo’s legacy: had 52 now 12 international air routes – Legado de evo: de 52 a 12 rutas aéreas internacionales
La Prensa reports: Bolivia lost 12 international air routes [sic] In the 14 years of the Evo Morales government, Bolivia went from having 52 international routes to just 12, he told the digital newspaper Urgente.bo, the Minister of Public Works, Services and Social Housing, Iván Arias. “Instead of competing and expanding in the sector market,…
Quipus, giant white elephant – Quipus, gigante elefante blanco
El Diario Editorial: Quipus, giant white elephant It causes astonishment that every other crazy economic action of the Evo Morales government, overthrown from power more than two months ago, is discovered. This time it is the irresponsible business of the state assembly company Quipus, which meant a huge expense for the Bolivian people and does…
Our country with the highest fiscal deficit
An Editorial from El Diario, graph below is from Pagina Siete: There should be serious concern in the economic authorities for the fact that our country has, ostensibly, surpassed the amount of the fiscal deficit that implies -8.1 percent, followed by Brazil with -7.1 percent; Argentina with -5 percent and Uruguay and Colombia reach a…
Satellite T. Katari, a white elephant [evo’s waste of funds]
Editorial from El Diario, you can also read our earlier [09/21/2014] post here: A poignant question has been worrying for several years to the opinion of the country: the existence of the Túpac Katari Satellite, bought by the government of President Evo Morales to the Republic of China for just over 300 million dollars. In…
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