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Andean Group - January 2011 (ISSN 1741-4466)
BOLIVIA: Morales misjudges over fuel subsidies
Less than a week after announcing a decree which would have scrapped
generous state fuel subsidies, driving up fuel prices by as much as 83%,
President Evo Morales was forced to back down under popular pressure and rescind
the measure. The episode, which caused Morales's approval rating plummet to an
all-time low, has raised unprecedented questions over his government's
management of the hydrocarbons sector - key to its economic policy. It has also
served as the latest illustration of the way in which, rather than the
opposition Right, the main challenge to his government is posed by his own
support base.
- A home run for Chávez?
- VENEZUELA: Another New Year's devaluation
- BOLIVIA: Morales moves against opponents
- BOLIVIA: Morales misjudges over fuel subsidies
- ECONOMIC OVERVIEW
- COLOMBIA: Farc promise a military escalation in 2011
- COLOMBIA: Public-private partnership to rebuild Colombia
- COLOMBIA: Trade preference problems
- ECUADOR: Key media and banking appointments made
- ECUADOR: Correa plays hardball over conservation
- ECUADOR: Bread prices rise
- PERU: Peru's justice system to get a makeover
- PERU: Apra is in trouble
- Fuel Smuggling