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.
The United States reiterated its request for a run-off between the two most-voted candidates: Evo Morales of the MAS (47.08%) and Carlos Mesa de CC (36.51%). A statement was read on behalf of Secretary of State Michael Richard Pompeo that said:”The Bolivian people have the right to elect their leaders in free and impartial elections. This right is enshrined in the Inter-American Democratic Letter and in Bolivia’s Constitution.”
With the new Land Use Plan (PLUS) map that gives way to a new extensive agricultural production model, sanctioned by the Beni Departmental Assembly, the region not only aspires to become the country’s largest grain producer it also projects a $1 billion dollar contribution over the next decade to Bolivia’s economy over the next decade.
Bolivia is a country where six out of ten retirees are still working; where small businesses are closing due to high labour costs; where export revenues are continuing to decrease; and where government spending is continuing to increase and leaving a financial hole according to official figures, of more $ 3 billion dollars per year. Bolivia, where the economic slowdown is so notorious and international qualifiers, such as Fitch Ratings, predict growth of 2.8% by 2020. Exports dropped to approximately 30% during the last four years. As of August 2019, the trade deficit reached $772 million dollars. According to economist James Dunn, all these points must be addressed and included on the government’s 2020 economic agenda. He states that all the economic problems Bolivia are facing are a result of the economic model the government introduced in 2006, which needs to be updated since the plan no longer reflects today’s reality.