Monthly Archives: April 2023

Chronicle of a Crisis Foretold

Bolivia may still be one of the poorest countries in the Western hemisphere but, particularly since Evo Morales became the country’s first indigenous President in 2006, his Movement for Socialism (MAS) has overseen immense improvements in living standards. Though still significant, poverty and inequality have massively reduced. Bolivia has had the lowest inflation rate in the region, so it hasn’t borne the full brunt of the cost-of-living crisis of the past two years. In fact, managing the economy has been seen as one of the government’s strengths.

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