Bolivia’s Economy Is Seen Nearing Collapse by Top Business Group

Oct. 25, 2024, 3:02 PM UTC

Bolivia’s economy is “on the brink of collapse” as companies go bankrupt amid road blockades, fuel shortages and a scarcity of foreign currency, according to a business leader in the nation’s biggest city.

An “accumulation of unresolved problems” is asphyxiating the country, Jean Pierre Antelo, head of the Santa Cruz Chamber of Commerce, said in a video posted on social media.

Supporters of Evo Morales Ayma block a road during a protest in Ichilo, Bolivia, on Oct. 22.
Photographer: Rodrigo Urzagasti/AFP/Getty Images

“The search for fuel is part of our daily life, but that’s not just a problem for households but a critical factor for productive sectors,” Antelo said. “There are companies that have had to stop operations due ...

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