Luis Arce is skeptical about Bolivia's economic indicators
La Paz, Oct 21 (Latin Press) The virtual winner of the presidential elections in Bolivia, Luis Arce, showed on Wednesday his skepticism about the economic indicators that his government will receive after 11 months of the de facto government.
Arce, the Movement Towards Socialism (MAS)'s candidate, expressed his concern about the current state of the national economy, which, he assured, had not seen such complex conditions since the 1980s, when the country experienced one of the worst crisis in its history.
Minister of Economy and Finance for 12 years under the management of President Evo Morales, Arce explained in an interview with Gigavision that the indicators have worsened in the last 11 months, and gave as an example the fall in international reserves, the rise in unemployment and poverty rates, and the country's indebtedness after accepting loans from international financial institutions.
Considered the architect of economic growth during the previous governments of that political force, the MAS candidate ensured that the devaluation of the 'boliviano' (national currency) against the US dollar to defuse the crisis will be a measure to avoid as long as possible.
'As far as possible, of course (there will not be devaluation), but for us to be sure there must be economic growth, (...) import substitution, industrialization and several measures that we have proposed so that we do not devalue,' said the also university teacher.
The de facto government that assumed power after the coup against President Evo Morales in November 2019, carried out an economic policy focused on privatization, public indebtedness and repeated acts of corruption.
Bolivia went from being the fastest growing country in the region to one with the worst economic indicators, a situation that the MAS intends to reverse once the new government takes office in the first half of November.
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