Bolivia Takes Emergency Measures Amid Fuel Shortage Crisis

Bolivia’s President Luis Arce announced measures to mitigate a severe fuel crisis, including eliminating government lunch breaks and reducing physical schooling. The country is experiencing economic difficulties exacerbated by inflation and declining gas revenues. Arce remains optimistic about public investment despite the challenges and has yet to announce his reelection plans.

In response to a severe fuel shortage, Bolivia’s President Luis Arce has announced significant measures including the elimination of lunch breaks for government employees and a reduction in in-person schooling. This initiative aims to alleviate the ongoing crisis that has led to widespread protests and roadblocks, impeding fuel deliveries essential to the economy.

Bolivia has been facing economic difficulties since 2023, marked by a decline in fuel imports—a critical issue given its reliance on the revenue from natural gas sales until 2020. President Arce emphasized in a televised address that despite the challenges, “Bolivia is not bankrupt… it has an economy that continues to generate public investment.”

The government’s strategies will include halving the state vehicle usage, increasing virtual classes to reduce transportation needs, and implementing a daily work schedule from 8:30 AM to 4:30 PM without breaks, which would mitigate lunch hour traffic congestion. Priority for fuel distribution will be given to the agricultural sector, along with increased military enforcement against fuel smuggling activities.

Currently, Bolivia is grappling with the highest inflation rates in 16 years and a growing fiscal deficit. President Arce remarked, “The problem our country faces today is very simple, it is the lack of temporary dollar liquidity.” He has yet to disclose his plans regarding reelection amidst these pressing issues, while former president Evo Morales, barred from reelection, anticipates a political comeback despite facing legal accusations.

In conclusion, Bolivia is implementing drastic measures to combat a severe fuel shortage affecting its economy. The changes include eliminating lunch breaks for public workers, reducing in-person schooling, and prioritizing fuel distribution to agriculture. Despite facing intense public protests and economic strain, President Arce remains committed to addressing these issues while navigating potential political ramifications ahead of the upcoming election.

Original Source: business.inquirer.net