Bow wind in Bolivian economy frightens opposition
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- Published: Monday, 11 February 2019 07:50
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La Paz, Feb 11.- Bolivia's economic-political stability with President Evo Morales at the head frightens the opposition in an election year, in which its candidates only demand their exclusion from ballots, without making a country proposal .
'We all know that Carlos Mesa, Oscar Ortiz and Luis Revilla do not like that Evo is on the ballot, we know that; but the interesting thing would be that they begin to tell us what they are going to do with the country in case they govern, because in October there is no new referendum, in October there are general elections where the employment policy will be defined, the politics of health, economic policy ", recently warned the young minister of Communication, Manuel Canelas.
The certain thing is that the improvement of the quality of life of all the sectors of Bolivia, the political and social stability of the country and the economic successes recognized by international organisms grant broad favoritism to the binomial of the Movement to Socialism-Political Instrument for the Sovereignty of the Pueblos (MAS-IPSP), composed of Morales and the vicemandatario, Álvaro García Linera.
Only through the Bolivia Cambia Evo Cumple program, between 2007 and July 2018, a total of 8,797 works were executed in the areas of education, sports, roads, production, basic sanitation and irrigation, as well as social and health infrastructures.
The South American nation also became the leader of the region in economic growth, as a result of the nationalization of its natural resources.
The gross domestic product (GDP) of Bolivia was nine thousand 574 million dollars in 2005, and in 2018 it closed in more than 40 billion of that currency, while the economic growth rate of the plurinational State was 4.7 per cent. one hundred, one of the highest in the continent, according to international organizations.
A recent report by the Economic Commission for Latin America and the Caribbean confirms that the Andean Amazonian country achieved these indicators with a debt to GDP that was lower (33 percent) than the region's average (41 percentage points).
Coincidentally, the Economy Minister, Luis Arce, estimated the inflation recorded by Bolivia in January of this year at 0.23 percent, a figure that shows that it is an absolutely controlled indicator and that it predicts a gradual improvement in this area.
According to Arce, the projection of economic growth in 2019 foresees a boom of 4.7 percent and a GDP of 44 billion dollars, the highest in the history of the country.
When referring to the net international reserves (RIN) of the Plurinational State, the minister described them as 'high' and stressed that they are among the first places in Latin America and the Caribbean in relation to GDP.
Arce clarified that the decrease in the balance of the RIN last January, two points out of 100, was lower than the drop registered in neighboring nations such as Chile (2.3 percent) and Paraguay (2.1 percent).
The Supervision Authority of the Financial System, meanwhile, assured that the liquidity of this national system closed in December 2018 with 56,668 million bolivianos (above the eight thousand 130 million dollars), enough to maintain the dynamic of the loan portfolio. This situation allows Bolivia an accelerated and uninterrupted process of industrialization with multimillion-dollar investments in the iron, lithium, cement and agricultural sectors, whose export volume increases.
Another undeniable achievement of the government of the first indigenous leader that the people recognize is the recovery of self-esteem, dignity and national pride with laws that make all Bolivians and Bolivians equal before the law.
All these realities make the favoritism of the binomial Morales-García Linera to win the elections of October, and the efforts of the partisan opposition of neoliberalism and the alignment with the continental policy of the United States with the objective to veto by any means the candidacy of the MAS-IPSP candidates. (PL)