publish time

23/06/2024

author name Arab Times

publish time

23/06/2024

Soldiers stand guard at a gas station following a government order for the military to monitor gas stations and borders to prevent the illegal departure of fuel and food, in La Paz, Bolivia on June 12. (AP)

LA PAZ, Bolivia, June 23, (AP): Protesters streamed into Bolivia's capital, throats hoarse from chanting and feet blistered from a week of walking along the national highway.
The throngs of street vendors in the South American country’s vast informal work force ended their nearly 100-kilometer (60-mile) march from Bolivia’s mountain-rimmed plains with a call that summoned years of growing anger over the nation’s dangerously depleting foreign-exchange reserves: "We want dollars!”
With prices surging, dollars scarce and lines snaking away from fuel-strapped gas stations, protests in Bolivia have intensified over the economy's precipitous decline from one of the continent’s fastest-growing two decades ago to one of its most crisis-stricken today.
"We can change the country because we are the engine of production,” Roberto Ríos Ibáñez, secretary-general of Bolivia's Confederation of Merchants, said as weary protesters broke for lunch around him in the capital's traffic-snarled center. "The government doesn't listen. That's why we're in the streets.”
Bolivia's financial quagmire stems, at least in part, from an unprecedented rift at the highest levels of the governing party.
President Luis Arce and his one-time ally, leftist icon and former president Evo Morales, are battling for the future of Bolivia's splintering Movement for Socialism, known by its Spanish acronym MAS, ahead of elections in 2025.
The political fight has paralyzed the government's efforts to deal with the deepening economic despair and analysts warn that the social unrest could explode in the historically turbulent nation of 12 million people.
Cracks in the governing party opened in 2019, when Morales, then Bolivia’s first Indigenous president, ran for an unconstitutional third term. He won a contested vote plagued by allegations of fraud, setting off mass protests that caused 36 deaths and prompted Morales to resign and flee the country.