Economic challenges persist in Argentina and Bolivia

In Argentina, Minister Miguel Busso criticized the impact of export retentions, stating they represent a loss of US$ 2.2 billion. He argued that these taxes hinder production by forcing farmers to sacrifice fertilization and nutrient replacement. Busso called for the permanent elimination of retentions, noting that while sectors like energy and mining receive special regimes, agricultural producers face different conditions. He emphasized that if these funds remained with producers, they would be reinvested in soil quality and machinery.

In Bolivia, President Rodrigo Paz addressed the nation's economic crisis, claiming the country was left with only US$ 51 million in the Central Bank despite previous revenues of over US$ 6 billion from gas, gold, and soy. He noted a total internal and external debt of US$ 40 billion. As the country faces fuel shortages and rising prices, the Central Bank of Bolivia has temporarily suspended new dollar purchases to curb the currency's rising value. Economy Minister Christian Morales stated that a radical change in fuel price structures is necessary.