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Bolivia: New Gov’t Sets to Work Undoing Damage Left by US-Backed Añez Regime

The Movement to Socialism party is already enacting widespread changes to Bolivia in an attempt to undo the damage of one year of US-backed austerity and military rule.

[mintpressnews.com]

{Arce, Morales’ economy minister until the coup, has made the eradication of poverty and extreme poverty his top priority. Under Morales stewardship (2006-2019), Bolivia saw its poverty rate reduced by 42% and extreme poverty cut by 60%. The government has already begun issuing what it calls “hunger bonuses” — cash sums to all adults who do not receive a salary. This is a desperately needed financial transfer, as many sectors, including tourism, have virtually collapsed thanks to the pandemic. As part of a wider economic program, Arce announced changes in public spending he hopes will “optimize expenses and reactivate public investment to generate jobs.”}

Here in the US though....

William_Mary 8 Dec 10
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