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Government announcements on investment According to a legislative investigation, more than five factories in Santa Cruz have incurred losses of 712 million shillings, while 14 public companies created by MAS between 2007 and 2023 have red figures. Not only do these companies not generate profits, they also owe 43.771 billion Bolivian shillings to the Central Bank of Bolivia (BCB).
Government’s commitment to industrializationAt a time of economic recession, serious doubts have been raised about the viability of this strategy. Import substitution was a popular economic policy in Latin America in the 1950s that was initially effective, but in the long run it proved unsustainable and failed in several countries in the region.
Rather than sticking to the economic model The government should focus on strengthening and cleaning up enterprisesThe existing public debt and lack ofThe profitability of these entities suggests a need for comprehensive review and restructuring. Industrialization and economic diversification are laudable goals, but they mustBacked by a solid financial plan.
Industrial development cannot be a political whim It is not an ideological banner; it must be a well-planned strategy. It is vital that the government reassesses its approach and adopts economic policies that promote sustainable development based on the country’s economic realities rather than past models.
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