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First modification: 04/29/2026 - 04:42
The Minister of Economy and Public Finance, José Gabriel Espinoza, indicated that Bolivia has shown progress in economic matters in a period of 120 days of administration. Despite having received a country with some financial problems, the Executive, headed by right-wing politician Rodrigo Paz, assures that they will not apply policies that are detrimental to the poorest.
During the presentation of a first balance sheet, after completing 120 days in office, José Gabriel Espinoza reported that some economic data in Bolivia has improved. As an example, he cited, among other things, the inflation that exceeded 20% when they took office at the end of 2025 but that they have currently brought it to a range between 14 - 15%. Likewise, he highlighted that the exchange rate went from 11 bolivianos to a value of around 9.6 - 9.7 bolivianos per dollar.
In the framework of a press conference, where the progress in the 120 days at the head of the economic portfolio was offered, Espinoza highlighted that adjustment measures have been applied in order to resolve "the dramatic economic situation" inherited from previous governments, but that they will not be transferred to the population.
"We have worked with a very simple premise: no one can be left behind. The adjustment cannot fall on the people and we are not going to repeat recipes of the past that punished the most vulnerable," Espinoza said during his appearance before the media.
Despite the numbers shown by the representative of Rodrigo Paz's cabinet, many in Bolivia do not feel that the measures applied, nor the data presented, are benefiting the citizens' pockets.
"Despite the numbers, which reveal a reduction in inflation, prices are still high. Despite this, the lack of diesel is influencing, it is undeniable that this destabilized gasoline is affecting the family economy. But beyond the Government's optimism there are still structural issues that must be resolved, such as the exchange market," said Luis Fernando Romero, economist and former president of the College of Economists of Tarija in Bolivia during an interview with France 24.
After more than two decades of the leftist MAS in power, the conservative Rodrigo Paz assumed the Presidency last November. Then, he announced a series of measures to get the country out of its worst crisis in four decades, characterized by fuel and currency shortages and one of the highest inflation rates in Latin America.
Read alsoThe Bolivian economy turns to the right: what does Rodrigo Paz's plan consist of?
With EFE and Bolivian media
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