Bolivia faces a severe economic crisis...

Rodrigo Paz announces a 50% salary cut for himself and cabinet ministers as Bolivia faces a severe economic crisis marked by collapsing reserves, soaring inflation, and mounting debt. The country’s economy is projected to contract by 3.3%, while inflation surges above 20%, triggering shortages of food, fuel, and medical supplies. Bolivia’s foreign reserves fall dramatically from $15 billion in 2014 to just $50 million, severely limiting import capacity. Despite the symbolic austerity move, protesters continue demonstrations in La Paz, accusing the government of failing to address the deeper structural economic collapse.

Tuesday, 26 May, 2026