Despite criticism, government highlights economic recovery

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Although the private sector claims that the measures taken by the government are failing to achieve full economic revitalization, the Minister of Economy and Public Finance, Marcelo Montenegro, confirmed yesterday that Bolivia will be among the ten countries of Latin America with the highest growth rate. .

“We will be among the 10 countries or the 10 most developed economies in Latin America, so this is a very important result,” according to ABI, Montenegro told Bolivia television.

The authority said the public finance program for 2021, which was signed by the Ministry of Economy and Public Finance and the Central Bank of Bolivia (BCB) in March this year, projects economic growth of 4 , 4% for 2021.

Montenegro said: “I think our estimates (…) are solid and have, say, the same performance and logic as other institutions, growing this year and being among the 10 fastest growing economies.

However, the president of the Bolivian Chamber of Construction (Cabuco), Luis Bustillo, confirmed last week that this sector has not yet reached the stage of basic revitalization, as many companies are still paralyzed and of others closed.

“We are going through a very difficult time because there is no economic recovery,” Bustillo said.

Also last week, the president of the Honorary Court of the National Federation of Small and Micro-Enterprises (Kunamaip), Humberto Valdivieso, confirmed that the sector had also failed to revitalize itself due to the lack of measures. governments to protect and develop national production.

According to the commander, small production units have been facing difficulties since the social and political conflicts of November 2019, a situation exacerbated by the coronavirus pandemic. He added that since the economic revitalization measures have not been implemented, the mypes are at risk of shutting down.

However, in recent weeks, the World Bank (WB) has forecast economic growth of 4.7% for 2021, the Economic Commission for Latin America and the Caribbean (ECLAC) at 5.1% and the International Monetary Fund ( IMF) at 5.5%.

Montenegro underlined that “the trend (estimates) of these international organizations, in addition to those we have mentioned, show a growth rate of the national economy for this year and a growth trend”.

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