Bolivia’s economy under siege due to road blockades!

Impact of Road Blockades on Bolivia’s Economy

Four days into the nationwide road-blockading protests led by supporters of former President Evo Morales, Bolivia’s economy is facing a severe blow. The damages caused by these blockades are not only affecting the distribution and logistics of products but are also significantly impacting the country’s export revenue and industrial sectors.

Key Points:

1. Export Losses: Government sources estimate that up to US$ 1.5 billion worth of exports have been affected by the road blockades. This could potentially lower Bolivia’s export revenue from the projected US$ 10 billion to as low as US$ 8.5 billion for the year.

2. Daily Losses: The Government’s Food Security Committee Monitoring Center has reported daily losses reaching US$ 191 million due to the blockades. The industrial sector alone is losing between US$ 80 million and US$ 120 million daily, with exporters facing setbacks of over US$ 53 million.

3. Call to Action: Deputy Minister Luis Siles stressed the urgency for those blockading the roads to lift the measure, as it is only causing harm to the distribution and logistics of products. The Confederation of Private Businessmen of Bolivia (CEPB) has also highlighted the devastating effects of these blockades on the economy, particularly on business activities, trade, transport, and industry.

The road blockades are not only disrupting the economy but also posing a threat to the livelihoods of the most vulnerable populations in Bolivia. The CEPB has urged state entities to take immediate action to resolve this serious problem and ensure that the rights of all citizens are protected.

In conclusion, it is vital for all stakeholders to come together to find a peaceful resolution to the ongoing crisis. The future of Bolivia’s economy and its people depends on swift and decisive action to lift the blockades and restore stability to the country. The time to act is now.