Robert Albro, research associate professor at the Center for Latin American & Latino Studies at American University: “Bolivia has almost exhausted its foreign cash reserves, its currency is devaluing, inflation is rising, and fuel shortages are crippling economic activity, sparking strikes and roadblocks. Criminal enterprise appears to be expanding, along with the country’s role as a cocaine producer and transit hub. Neighbors are bracing for a wave of desperate Bolivian migrants fleeing growing turmoil. With the end of last decade’s extractive boom, the country’s economic miracle is unraveling. Promised development boons, such as lithium mining, have not materialized. As Bolivia’s outlook becomes grimmer, throughout 2024 a rivalry between sitting President Luis Arce and former President Evo Morales for control of the Movement Toward Socialism (MAS) has become increasingly acrimonious while crises mount…”
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Gene Kuleta
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