Bolivia's President Announces Emergency Measures to Combat Fuel Crisis

Bolivia's President Arce Unveils 11 Measures to Tackle Fuel Crisis Amidst Speculation Amidst growing concerns over fuel shortages and rising prices, Bolivian President Luis Arce has announced a comprehensive package of 11 measures and 7 supreme decrees aimed at stabilizing the situation. The measures, detailed in a recent press conference, are designed to combat speculation, smuggling, and ensure fair prices for essential goods. "We are implementing immediate measures and supreme decrees against speculation and smuggling," President Arce stated during the press conference. "This is in defense of the Bolivian economy and families, protecting the well-being of our people." The measures include increased military presence along the borders to curb smuggling, particularly of fuel and food products to neighboring countries. The government also plans to invest over 350 million Bolivianos in a five-year agricultural program to improve the production of maize and rice, aiming to increase supply and lower prices. Additionally, municipalities will be tasked with enforcing price controls in local markets. The video accompanying the announcement shows long lines of Bolivians waiting to purchase fuel and other necessities, highlighting the urgency of the situation. The government's swift response demonstrates its commitment to addressing the crisis and ensuring the stability of the nation's economy.