Bolivia's Paz announces economic aid amid disruptive blockades

Bolivian President Rodrigo Paz unveiled a series of decrees Monday aimed at alleviating the economic impact of persistent road blockades. The measures include rescheduling bank debts and establishing funds to support transporters and individuals suffering from kidney and cancer ailments. These blockades, initiated by unionized workers and farmers demanding Paz's resignation, have entered their sixth week.

Paz, who marked seven months in government, announced a nationwide decree for debt rescheduling, expected to benefit sectors like artisans and tourism, which have been severely hit by the protests. Additionally, a Credit Guarantee Fund for Transportation (Fongat) was approved, providing up to 1 billion bolivianos (approximately $143.6 million) for drivers to invest in new vehicles or other ventures.

Reflecting austerity measures, Paz and his ministers have halved their salaries. The savings generated will be directed to a fund for patients with kidney and cancer conditions. Paz invited the Vice President and other authorities to voluntarily contribute to this fund, which will be disbursed monthly.

The ongoing conflicts, driven by peasant unions and the Bolivian Workers' Central (COB), along with sectors aligned with former President Evo Morales, have led to blockades in six of Bolivia's nine departments. This has resulted in shortages of food, medicine, and fuel, particularly in the Andean and central regions. The protests have reportedly caused at least ten deaths, including seven individuals who could not receive timely medical attention due to the road closures. The National Chamber of Industries estimates economic losses exceeding $2.34 billion.

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I invite the vice president (Edmand Lara) and any other authority who wants to contribute freely to those Bolivians with kidney or cancer problems, to contribute to this fund which will be delivered monthly for the benefit of these sectors.