Bolivia’s Minister of Economy acknowledges the existence of a crisis

Bolivia’s Minister of Economy and Public Finance, Marcelo Montenegro, has acknowledged that political friction in the country is causing difficulties for the Bolivian economy, as different members of Bolivia’s legislative body are blocking the approval of at least two loans from multilateral organizations.

At a press conference, the head of the Bolivian economy urged the members of the Bolivian parliament to act with leadership to move forward with these loans.

Otherwise, they deny the country’s economic recovery.

The difficult global scenario has accentuated the need for greater resources for Bolivia’s economy, which is arriving through different multilateral organizations.

The two loans that the Executive is awaiting come from the Inter-American Development Bank (IDB), with a total amount of US$500 million, and from the Japan International Cooperation Agency, reaching a figure of US$130 million.

“Economic reconstruction is in everyone’s interest.”

“Liquidity is needed to address this important moment and preserve the stability that characterizes Bolivia, which has weathered difficulties in recent years and has, among others, the lowest inflation figure in Latin America, allowing an environment conducive to ensuring stability,” Montenegro stressed.

With information from LGI