Evo Morales has left a rather deteriorated economy with warn indications of unsustainability and economic instability, warned the economic analyst René Martínez, from the Jubilee Foundation.
The social unrest in Bolivia is impacting natural gas exports to Argentina. State-owned YPFB sent a letter to Argentine Energy Integration (Ieasa) notifying that: given the “current limitations” experienced by the company, the daily supply established by contract to Argentina, may be affected. Read more Source: El Deber
State-owned YPFB reported that the supply of natural gas to the west of the country dropped from 175 million cubic feet per day (MMcfd) to 75 MMcfd, due to the suspension of operations of the Carrasco-Cochabamba (GCC) pipeline.
The departmental prosecutor of La Paz, Williams Alave, today requested that the Financial System Supervision Authority (ASFI) to report whether it was aware or informed that the BCB carried out in October and November of this year, different movements of money or securities; and if it’s obvious, the relevant documentation is attached.
Beni’s senator Jeanine Añez assumed the presidency of Bolivia on Tuesday afternoon, after holding the presidency of the Senate due to the resignation of the President and Vice President of this body. The legislator activated the presidential succession established in the Political Constitution of the State.
Evo Morales Ayma yesterday resigned to the Presidency of Bolivia amid the shadow of electoral fraud verified by a preliminary report of the Organization of American States (OAS), after a crisis was unleashed on 20 October by a wave of allegations of irregularities and which yesterday led to a request from the agency to call for new elections.
Amid growing uncertainty about the health of the world economy, the International Monetary Fund (IMF) lowered its economic growth forecast in Bolivia from 4% to 3.9% in 2019, and 3.8% for next year. Despite the decline, the country is among the fastest-growing economies in the region.
The Bolivian president, Evo Morales, is to call fresh elections after international monitors identified serious irregularities in the last vote and recommended a new ballot. The announcement comes after weeks of unrest over disputed election results, which escalated over the weekend as police forces joined anti-government protests, and the military said it would not “confront the people” who had taken to the streets.
The tax and custom collections in Santa Cruz, Bolivia, are paralysed due to the occupation of public institutions by protestors who demand President Evo Morales’ resignation. In September, tax collections at national level reached $3.8 billion, 5.8% more than September 2018.
The Government urgently needs to work on reversing the twins’ deficit: reversing the trade and fiscal deficits. Efficiency in public spending and the export incentive would drive this challenge. Read more Source: Eju!