Bolivian Economist Critiques Unidad Alliance's Economic Plan

Santa Cruz, Bolivia – May 30, 2025 – Economist Gabriel Espinoza, leader of Samuel Doria Medina's economic team, recently shared insights into the Unidad alliance's economic proposals on a TikTok video. Espinoza emphasized the critical need for the Central Bank's independence, arguing that its current dependence on the government for financing leads to unsustainable practices. "Eighty percent of the fiscal deficit is covered by credits from the Central Bank," Espinoza stated, highlighting the bank's role in financing government spending rather than focusing on its primary mandate of maintaining the Bolivian Boliviano's purchasing power. He further criticized the government's subsidy policies, explaining that they are unsustainable and contribute to inflation and devaluation. "The result is inflation," Espinoza concluded, emphasizing the negative consequences of these policies on the Bolivian economy. The interview offers a valuable perspective on the Unidad alliance's economic platform and the challenges facing the Bolivian economy.