World News

‘Bolivia faces long uphill slog to correct economy, provide general social development for people’

Bolivian President Luis Arce was facing a deep political crisis on Thursday after a botched bid by military chiefs to overthrow his government deepened turmoil in a country mired in severe economic decline. Tensions have been rising in recent weeks in the Andean nation over surging prices, shortages of dollars and fuel, and a power struggle between Arce and powerful former president Evo Morales ahead of 2025 elections. Bolivia, which has a long history of military coups, has in recent weeks been rocked by an economic crisis due to a drop in gas production, its main source of foreign currency until 2023. There is also deep polarization after years of political instability. The ruling Movement Towards Socialism (MAS) party is riven by internal conflict between supporters of Arce and his former mentor Morales and the opposition has also fragmented. As Bolivia reels from a failed coup amid severe political and socioeconomic crises, FRANCE 24’s François Picard is joined by Dr Christopher Sabatini, Senior Research Fellow for Latin America, US and the Americas Programme at Chatham House.

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