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Luis Arce announced the appropriation of all Bolivian pension funds

The "socialism of the XXI century" decided to nationalize and appropriate the funds for the future of millions of people to obtain new resources to finance the bulging fiscal deficit.

At the same time, the run against the peso and the shortage of foreign currency intensified.

The relative macroeconomic stability that Bolivia maintained in the last decades seems to be slowly ending.

Entirely overwhelmed by fiscal problems, the Government of President Luis Arce announced the appropriation of the resources of the Pension Fund Administrators (AFP).

This capitalization system allowed Bolivians access to the right to a guaranteed retirement after the . . .

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