Across what was once South America’s second-largest producer of natural gas, everyone is searching for fuel
FILE - A sign alerts customers that there is no gasoline at a fuel station after five days of roadblocks by supporters of former President Evo Morales affecting the fuel and food supply, in La Paz, Bolivia, Oct. 21, 2024. Fuel is rapidly becoming one of Bolivia’s scarcest commodities.
Bolivia's monthslong fuel crunch comes as the nation's foreign currency reserves plummet, leaving BoliviansThe fuel crisis has created a sense that the country is coming undone, Bolivians say Arce's image has suffered not only because of the crisis but also because his government insists that it doesn't exist.
It’s a shocking turnaround for the landlocked nation of 12 million people that was a South American economic success story in the 2000s, when the commodities bonanza generated tens of billions of dollars under the nation’s first Indigenous president, former President Evo Morales. Banners from two years ago boasting that Bolivia’s inflation is the lowest in South America still greet tourists arriving at El Alto International Airport. Now, inflation is among the highest in the region.
“Without diesel, there is no food for 2025,” said Klaus Frerking, the vice president of the Eastern Agricultural Chamber of Bolivia.
Inflation Currency Markets Elections Politics Production Facilities Agriculture Recessions And Depressions Business World News General News Article 116297804
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