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The Bolivian economy is in crisis. Once celebrated as an economic success story in South America, it has faltered due to a combination of poor governance and over-reliance on natural resources.

Millions of lives have been disrupted, exposing deep flaws in both the country’s economic and political systems. This fallout is the result of a toxic mix of fuel shortages, rising food prices, and dwindling foreign exchange reserves.

At the heart of Bolivia’s troubles lies its dependence on natural gas. Successive governments failed to invest the windfall from the 2000s commodity boom in sustainable industries, leaving the country vulnerable to fluctuations in global markets. Instead of diversifying the economy, the country doubled down on its volatile resource sector.

In short, the approach has been short-sighted. Gas production has decreased, and imports now strain the economy’s limited resources.

Agriculture and transportation are also in decline. Farmers are struggling to access the diesel needed for planting and harvesting, while food supplies remain stranded in rural areas, driving up prices in urban centers.

This has pushed many families to the brink of hunger. Basic necessities have become unaffordable for too many. The government’s insistence on maintaining costly fuel subsidies is a financial gamble it cannot afford. Public trust has been further eroded by unfulfilled promises of quick fixes. Transparency and sound fiscal policies are essential to rebuilding public trust. Although Bolivia faces a challenging road ahead, recovery is possible.

Political leaders must put aside their rivalries and focus on stabilizing the economy. Economic reforms and diversification are crucial for breaking the cycle of resource dependence. This crisis is not just a failure of governance—it is a fight for survival for the people of Bolivia. The resilience of the Bolivian people deserves more than empty promises; it deserves urgent, decisive economic action.