The Bolivian government said the Andean nation’s gross domestic product grew US$34 billion last year, establishing it as one of the fastest growing economies in the region.
Vice-President Alvaro Garcia Linera said that the country’s Social Community Productive Economic Model allowed for the economy to grow, despite a fall in prices for raw materials.
“In 1996 the Bolivian economy accounted for $5.3 billion and by 2005, $9.5 billion dollars,” Garcia said.
Bolivia
Bolivia's fast growing economy fuelled by social spending
The Bolivian government said the Andean nation’s gross domestic product grew US$34 billion last year, establishing it as one of the fastest growing economies in the region, TeleSUR English said on February 17.
Vice-President Alvaro Garcia Linera said that the country’s Social Community Productive Economic Model allowed for the economy to grow, despite a fall in prices for raw materials.
“In 1996 the Bolivian economy accounted for $5.3 billion and by 2005, $9.5 billion dollars,” Garcia said.
The Bolivarian Alliance of the Peoples of Our America (ALBA) is an anti-imperialist trading bloc first formed by the left-wing governments of Venezuela and Cuba to promote trade on the basis of solidarity rather than competition.
It has since expanded to include Bolivia, Ecuador, Nicaragua, Dominica, Antigua and Barbuda, St Vincent and the Grenadines, Saint Lucia, Grenada and Saint Kitts and Nevis. Honduras was an ALBA member, but was forced to withdraw when a 2009 US-backed coup installed a right-wing dictatorship.
The US’s role in Latin America is facing a growing challenge. The 33 member states of the Community of Latin American and Caribbean States (CELAC) vehemently rejected North American intervention in the continent, and particularly the US-led blockade of Cuba and recent sanctions against Venezuela.
These positions were part of the “Belen Declaration”, approved during CELAC’s third annual presidential summit, held on January 28th and 29th in Belen, Costa Rica.
Venezuelan President Nicolas Maduro told a meeting of the Community of Latin American and Caribbean States (CELAC) in Costa Rica on January 28 that Latin America is living in a “new historic era” marked by unity and great opportunity.
CELAC was first launched in 2011 in Venezuela, uniting all countries in the Americas except for the United States and Candada. It was set up as a counter-point to the Organisation of American States, which traditionally been dominated by the US.
Venezuela's left-wing government has congratulated Alexis Tsipras, leader of Greece's radical left SYRIZA party, who won a huge victory in Greece's parliamentary elections on January 25, TeleSUR English reported.
A Venezuelan government statement said: “Venezuela warmly congratulates the Syriza coalition party and Alexis Tsipras for their historic victory, wishing them success and complete solidarity and support.”
President Evo Morales and his party, Movement Towards Socialism (MAS), won a resounding victory last month. This gave the Morales administration a further five-year term to deepen the progress of the past nine years.
I was privileged to take part in a delegation to Bolivia via the New York-based Alberto Lovera Bolivarian Circle. The delegation travelled around the country learning from, and offering solidarity to, the exciting revolutionary processes taking place in Bolivia.
Bolivian President Evo Morales has handed over three new schools and two roofed outdoor community centres in the Sacaca Municipality of the southern Potosi Department.
“We are going to continue working, your vote has not been in vain,” said Morales, who was re-elected on October 12 with more than 60% of the vote.
In the Caripuyo municipality in Potosi, Morales also inaugurated a market and an electrical system for the Caripuyo community.
Since the start of the year, many newspapers have dedicated article after article to predictions of a looming demise of South America's so-called “Pink Tide”
The term “Pink Tide” is used to refer to the wave of left-of-centre governments elected in South America in recent years.
Several such governments have recently been up for re-election. Pollsters and commentators alike argued that for many, their time in government was up.
Instead, on October 26, Brazilians re-elected Dilma Rousseff as president, ushering in a fourth consecutive Workers’ Party administration.
Predictions by pollsters and commentators that Evo Morales would easily win Bolivia’s October 12 presidential elections were confirmed when he obtained more than 60% of the vote.
Most, however, differ over why, after almost a decade in power, Morales’ Movement Towards Socialism (MAS) continues to command such a huge level of support.
Their explanations tend to focus on specific economic or political factors, such as booming raw material prices or the MAS’s ability to control and co-opt the country’s social movements.
Bolivian President Evo Morales was re-elected for his third term on October 12 with more than 60% of the vote.
“This was a debate on two models: nationalisation or privatisation,” Bolivian President Evo Morales told a large gathering of supporters after being re-elected with a large majority on October 12. “Nationalisation won with more than 60 percent.”
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