Regional opposition leader, Luis Fernando Camacho, who was traveling to La Paz to push for President Evo Morales’ resignation reversed course on Tuesday after government supporters staked out an airport threatening his life. Camacho had flown from his base in Santa Cruz to the international airport outside La Paz with a pre-written resignation letter for Morales in an attempt to raise the heat on Bolivia’s long-standing leftist leader. But he said on Twitter in the early hours of Tuesday that he was unable to leave the El Alto airport due to potential threats from Morales supporters waiting outside.
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Bolivia’s International Reserves decreased from $8.9 billion, as of December 2018, to $7.4 billion on October 11. This is the lowest level in 11 years. Former President of the Central Bank of Bolivia (BCB), Juan Antonio Morales, warns that stocks can still fall if the country’s fiscal deficit and current account deficit does not get under control.
Although it has the largest lithium reserves on the planet, Bolivia so far does not know how to exploit this resource or obtain patents to produce carbonate or hydroxide of this material, said the lithium economy analyst, Juan Carlos Zuleta.
The growth of 11 productive sectors of the country: agricultural activity, trade, financial sector, manufacturing, construction, restaurant and hotel services, communal, social, personal and domestic services was evident; however, it failed to reverse the negative incidence of national hydrocarbon activity, which caused Gross Domestic Product (GDP) to reach only 3.38%.
There’s no quick solution on the horizon. After two weeks of the outbreak of the post-election crisis in Bolivia, there are at least three scenarios of solution to the conflict but none seems to gain enough consensus among all sectors. On one hand there is the solution proposed by the Government, which is not shared by either regional conservative leaders or political opposition. Another proposal comes from the civic movement (local civil society assemblies) and the National Democratic Council (Conade), who maintain the mobilizations and see that the only way out is Morales’ resignation, something that is seen as a coup by the government and as an unconsulted move by politicians. The last of the solutions is that of the formal opposition to the Government, headed by Carlos Mesa: to call for new elections with new electoral authorities.
The Bolivian government has issued a decree overturning a massive joint lithium project with southern German firm ACISA. The project is considered vital for the German auto industry’s plans to develop electric batteries.
Thousands of people gathered today in La Paz to participate in the National Civic Town Council, in which they demand the resignation of Evo Morales and new elections with a new Electoral Court and without the participation of Morales. They also reject a second round of the past elections and the auditory of the last elections by the OAS.
The National Statistical Institute (INE) reported on Wednesday afternoon that the cumulative growth of Gross Domestic Product (GDP) in the second quarter of 2019 was 3.13%, which in addition to 4% of the first quarter and the last half of 2018, is not enough to pay the second Christmas bonus.
The President of the National Chamber of Commerce Rolando Kempff warned that there is a loss of $1.1 billion in the GDP due to social conflicts and civic strikes in the country. He called for peace and the end of clashes between Bolivians.
The Organization of American States (OAS) confirmed to the Government that it will send to Bolivia a team of 30 electoral experts to conduct an audit and verify whether the electoral process on October 20th was transparent.