Business Daily Bolivia's ongoing economic crisis
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Aug 10, 2025 Franklin Pareja, a political scientist from Universidad Mayor de San Andres, offers a deep dive into Bolivia's economic struggles. He discusses the drastic decline in natural gas production and its repercussions on soaring fuel and food prices. With inflation at 15%, many citizens are facing severe hardships. Pareja also shares insights into the impact of political instability on local businesses and the potential for reform in the upcoming elections, suggesting that new policies could be crucial for economic recovery.
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Four-Hour Petrol Queues
- Gonzalo Rios says he waits around four hours at petrol stations because of shortages.
- He can't raise fares without losing customers, so queues cut into family income.
Gas Decline Shrinks Dollar Supply
- Franklin Pareja warns Bolivia exhausted its gas export strategy without renewing reserves, shrinking dollar inflows.
- Fewer dollars increase import costs and fuel/food inflation across the economy.
Election Won't Magically Fix Things
- Franklin Pareja says voters expect a new government to restore prosperity like magic, a dangerous illusion.
- Real fixes need structural, unpopular reforms that future leaders will struggle to implement.