“Bolivia has become a resilient economy, that is, with the ability to adapt to these financial blows that are taking place in the world; not even two years have passed and the economy is rebuilding itself all at once (…)”, the Minister stated.

Montenegro highlighted the fact that the fuel and electricity subsidy favors the development of industries in Santa Cruz, rejecting criticism from Jean Pierre Antelo, the new president of the department’s Chamber of Industry, Commerce, Services and Tourism (CAINCO).

After Antelo’s criticism of the MESCP in the context of the crises taking place in the world’s economy and finances, Montenegro reiterated that thanks to this model, the State subsidizes the agricultural and industrial sector of Santa Cruz and the rest of the country with electricity, gas, diesel and supplies.

“The Productive Community Social Economic Model has allowed much of the industry in (Santa Cruz) to continue developing,” he said. “There is obviously also the role of good businessmen who produce and take advantage of this series of incentives to create a productive environment,” he commented in an interview with the Bolivia TV state channel.

What productivity and competitiveness of the department’s agribusiness would be like if there were no such subsidies?, the Minister asked and immediately referred to the stable exchange rate, among other policies that favor this sphere.

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Ministro de Bolivia resalta resiliencia de modelo económico