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Wednesday, January 8, 2025

Bolivia Is Fighting To Get Out Of An Economic And Political Crisis

Sink or Swim Bolivia A community of ethnic Aymara shamans in Bolivia called amautas, or “wise ones” in the indigenous Quechua language, are refusing to abandon their cliffside homes. Called “suicide shacks,” these huts in the Andean city of El Alto sit a few feet from the edge of a steep cliff. Heavy rains and other weather phenomena threaten to erode the few feet between them and oblivion. Officials are now determining whether they should force the shamans out to save their lives, the BBC reported. The situation could be a metaphor for the precarious situation in the South American country, as Bolivians debate who should lead them out of their current economic and political crises. Former Bolivian President Evo Morales is seeking to return to office by running in the August 2025 presidential election on the campaign pledge of making the country great again. An ethnic Aymara who was the country’s first elected indigenous president, Morales held office for 14 years. He pursued a leftist agenda that redistributed the country’s vast mineral and other resources, spreading prosperity – at least temporarily. But Morales resigned from office in 2019 after protests over a disputed election and his attempts to circumvent term limits. He claimed he was ousted in a coup but wanted to tone down the violence from protests arising from allegations that his rival had meddled in the election. Morales then went into exile in Mexico. He has since returned to the country and now faces charges of statutory rape that he says are politically motivated. Bolivia’s top court has ruled that he can’t run for office again, Al Jazeera reported, but he appears to be preparing to try. “They don’t want me to be the candidate because they know I’ll win,” Morales said in an interview with the Associated Press. “We’re in a state of total siege, morally, legally, and politically.” Meanwhile, Morales’ former protégé, President Luis Arce, who is running for reelection, is struggling to improve the country’s dismal economy, Reuters explained. Inflation is at a 10-year high, natural gas exports are decreasing as old fields have dried up and new ones remain unexplored, the central bank is bereft of foreign reserves, and fuel imports are up. The fuel crisis is becoming especially destabilizing, noted Voice of America. Protests have been breaking out between Morales and Arce supporters who both claim their man should lead the country, the New York Times added. Perhaps most importantly, the country’s socialist government lacks the revenues it would like to parcel out to the people. Since Arce served as Morales’ economy minister, both are responsible for the situation, which is spiraling, argued Global Americans. “Shortages and price increases; falling purchasing power and rising poverty; deterioration of the social mood,” Gabriel Espinoza, a former director at Bolivia’s central bank, told the Economist. “The question is when and how this will morph into conflict in the streets.”

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