Report: You can’t just bet everything on exports’: as its gas runs out, is Bolivia doomed to repeat history

A report from The Guardian — Business focuses on “Report: You can’t just bet everything on exports’: as its gas runs out, is Bolivia doomed to repeat history” and sets out the main development contained in the supplied source material.

The available account reports that a fossil gas boom that lifted millions out of poverty has collapsed and inflation is rising – but not everyone believes selling gold and soya is the answer Once hailed as the “energy heart of South America”, Bolivia ’s economy was buoyed up by a fossil gas boom from 2006 to 2014. The report also notes that At its height, then-president Evo Morales commissioned a gleaming presidential skyscraper and installed the world’s longest urban cable car network in La Paz, the seat of government. Flush with cash, the country grew its GDP , expanded social programmes and halved poverty rates . But then commodity prices plummeted and gas reserves started to dry up , bringing Bolivia’s “ economic miracle ” crashing down. Inflation – once the region’s lowest – has soared.

Any statements, estimates or characterisations remain attributed to the people or organisations identified by the source. The excerpt alone does not provide a complete documentary record or necessarily include responses from every party involved.

Official statements or subsequent reporting may add context as the story develops. For now, this account is confined to information directly supported by the provided headline and excerpt.