“Crisis in Bolivia: Is it the Next Venezuela?”

2023-05-07 02:11:46

The economic crisis in Bolivia could unleash a scenario like Venezuela, says Ronald MacLean Abaroa. Photo: Composition LR/TN/El Nuevo Diario – Video: CNN in Spanish

Crisis in Bolivia. For the past few weeks, the highland country has faced economic turmoil along with a severe dollar shortage. About this situation, Ronald MacLean Abaroaformer Minister of Finance, said in an interview for the program conclusionson CNN, that your nation “going to go on the way to Venezuela”.

He is also former mayor of Peace assured that he has no illusions that the Government of Luis Arce going to correct the course of the Bolivian economy, which will have to live with hyperinflation. As recalled, on May 4, the Bolivian Legislative Assembly approved that the Banco Central sell 21 tons of its gold reserves, equivalent to about US$1,260 million. This will serve to pay external debt maturities and support the exchange rate.

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