Minister Prada highlights that a credit freeze in Bolivia is disrupting hydrocarbon imports, leading to fuel shortages. He criticizes legislators for spreading misinformation regarding fuel purchase credits and emphasizes the need for their approval. The Central Bank’s role in managing loan disbursements and the recent decline in foreign currency inflow exacerbate the situation, affecting the population’s access to fuel.

The recent credit freeze in Bolivia has significantly disrupted hydrocarbon imports, as articulated by Minister Prada. During a press conference, he condemned national assembly members for spreading misinformation regarding the availability of credits linked to fuel purchases, thereby evading accountability for the fuel shortage. The minister emphasized the importance of these credits for maintaining fuel supplies and criticized the politicians for their role in the situation.

Prada indicated that the long lines at fuel stations demonstrate an evasion of responsibility concerning the flow of foreign currency. The freeze has hindered payments for fuel imports, leading to diminished supplies of diesel and gasoline. He reminded legislators of their duty to approve loans managed by the national government, which are vital for economic planning and meeting the population’s needs.

According to Prada, the Central Bank of Bolivia (BCB) has consistently processed loan disbursements, converting dollar inflows into national currency for executing projects. Until 2022, Bolivia’s loan disbursements had exceeded external debt payments, allowing for sufficient foreign currency to support fuel imports. However, in 2023, loan disbursements dropped, creating a notable gap in foreign currency flow that could not sustain local fuel demand.

Prada asserted that the failure to secure sufficient foreign currency has harmed the populace and urged legislators to approve the necessary loans. He urged honesty among politicians, particularly those vying for the presidency and criticizing the national government amid the upcoming elections on August 17. He assured the public that the government would take appropriate measures to fulfill hydrocarbon supply needs.

In conclusion, the credit freeze in Bolivia poses significant challenges to hydrocarbon imports, resulting in fuel shortages and public dissatisfaction. Minister Prada’s statements emphasize the critical role of loan approvals by legislators to ensure the availability of foreign currency needed for purchasing fuel. As the country faces mounting pressure, the government remains committed to addressing the supply issues, while urging political accountability in light of the approaching elections.

Original Source: www.plenglish.com

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