Bolivian Vice President Says Economic Growth Will Continue despite Oil Crisis

Edited by Lena Valverde Jordi
2016-01-29 15:46:40

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La Paz, January 29 (RHC)-- Bolivian Vice President Álvaro García Linera said the country's economy will continue to grow in the next five years, even if oil prices continue to fall.

Linera said that Bolivia has been able to confront the current crisis more effectively thanks to its foreign-exchange reserve.

In statements to a radio station in El Alto, the Bolivian vice president recalled that when three years ago a barrel of oil cost $100, President Evo Morales took the decision to save as much as possible, and also prepare the country for an eventual decline in oil prices by boosting domestic production, especially agriculture.

Thanks to that vision, he said, Bolivia has diversified its exports, and the country's foreign-exchange reserve are to the tune of $13 billion.

 



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