La Paz Sustained economic growth with low inflation in the context of an international crisis is the Bolivian government’s main argument in the face of opposition attempts at destabilization, with the Santa Cruz governorship at its epicenter.
By Jorge Petinaud Martinez
Chief correspondent of Prensa Latina in Bolivia
Referring to these indicators in an interview with the Bolivian TV channel, the Minister of the Presidency, María Nela Prada, assured that “they create the calm that the Bolivian people need”.
Prada emphasized that the message President Luis Arce delivered at the Casa de la Libertad in Sucre to mark the 197th anniversary of the independence of the highland state “focused on dates that the population is interested in, that people’s concern has with them to do with the economy, with stability, with certainty, with hope, with this future that we are building.”
The President, during his speech on August 6, in the presence of the Mexican Minister of Foreign Affairs, Marcelo Ebrard, ministers, lawmakers and representatives of accredited diplomacy, presented indicators confirming uninterrupted economic growth and the progress of import substitution projects such as diesel Corps .
“Thanks to the joint work of our government and the Bolivian people, we have returned to the path of stability, security and economic growth with social justice. After almost two years of managing in unfavorable conditions due to the global context, we are confident that we are moving forward,” said the dignitary.
Reliable evidence of these words is official data, which at the end of July put the Andean-Amazonian country’s cumulative inflation at 1.58 percent, the lowest in the region, while the 2022 growth forecast is estimated at 5.1 percentage points.
These figures clearly indicate that after the salvation of democracy by the Movement towards Socialism – Political Instrument for Peoples’ Sovereignty (MAS-IPSP), the popular mandate to consolidate the Plurinational State, the depressed economy during the de facto Jeanine Áñez is rebuilt , as well as the resumption of industrialization and the management of the Covid-19 pandemic.
PRODUCTIVE COMMUNITY SOCIAL ECONOMIC MODEL
In his speech, the Head of State announced “Impact Works with the seal of the Bicentennial” and the goal of reaching the year 2025 united, with a growing economy, with social justice, without racism or discrimination.
The law against racism and all forms of discrimination has been in force in Bolivia since 2010, and in 2011 the decree was passed declaring 24 May as the National Day against Racism and All Forms of Discrimination, in reparation for the insults inflicted on 50 farmers were extremist groups in the city of Sucre in May 2008.
In connection with the 197th anniversary, the National Bicentennial Council unanimously approved the National Strategic Plan for the Bicentennial, which includes several commemorations and the carrying out of works of significant importance in the capital cities.
“Thanks to the implementation of the Productive Community social economy model, Bolivia has managed to create a scenario of certainty, with price stability, economic growth, income redistribution, poverty alleviation and inequalities,” Arce announced during his nearly hour-long speech.
He mentioned the adversities of an international economic crisis caused by the contradictions of the capitalist system and the aggravation of the conflict between Russia and Ukraine, factors that lead to rising prices and a high rate of social conflicts in several countries.
However, he noted that the highland country has shown a willingness to face up to these circumstances, which has been recognized by academic bodies, international organizations and specialized journalistic media around the world.
Last May, the Economist Intelligence Unit (EIU) released a report concluding that Bolivia is the best-positioned country in Latin America to withstand the global impact stemming from thousands of sanctions imposed by the United States and its allies have imposed against Moscow after the launch of its military operation in Ukraine and the Covid-19 pandemic.
Coincidentally, the International Monetary Fund, Trading Economics, Bloomberg and the British Broadcasting Corporation spoke.
OTHER VOICES
Last June, Economy and Public Finance Minister Marcelo Montenegro assured that the highland nation had reduced urban unemployment to 5.3 percent and posted gross domestic product (GDP) growth of 6.1 percentage points in the first quarter of this year ).
According to the headline, the Andean Amazon country’s urban open unemployment rate has fallen from 8.1 percent in March 2021 to 5.3 per 100 units in the same month of 2022 thanks to measures taken by President Arce’s government.
He commented that in Bolivia, moderate poverty fell from 39.0 percent in 2020 to 36.2 percent in 2021, while extreme poverty fell from 13.7 units over 100 to 11.1 percent over the 12 months analyzed be.
According to Montenegro, due to government measures to rebuild and reactivate the manufacturing sector, the country recorded a 6.1 percent growth in gross domestic product, which is higher than the forecasts of international organizations and the financial-fiscal program planned for 2021.
From a different angle, Planning Minister Sergio Cusicanqui reported on July 1 that Bolivia is reporting a trade surplus of more than $1 billion this year thanks to export strategies and support for national production.
He specified that exports reached $5,715 million while imports amounted to $4,633 million, resulting in a trade surplus of $1,82 million.
The data confirms that between January and May, exports grew 37.5 percent and imports grew 36.7 percentage points, he said.
During this period, the main export destinations (India, Brazil, Argentina, Colombia and Japan) reflected the diversity of the Bolivian foreign market.
Based on all these indicators, on the 197th anniversary of independence, President Arce reiterated that Bolivia has a solid economy and international investors have observed its good performance.
Because of this, 2021’s gross foreign direct investment in management reached one thousand $48 million, an increase of 535 percent compared to the $165 million that flowed into the country in 2020.
Taken from the Latin Press
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