LatinNews Daily - 29 April 2022

In brief: Bolivia’s gov’t and unions agree minimum wage increase

* Bolivia’s government led by President Luis Arce and the country’s main workers’ union, Central Obrera Boliviana (COB), have announced that after reaching an agreement during annual wage negotiations, the national minimum wage would increase by 4% this year while public sector workers and teachers would receive an additional 3% general salary increase. The 4% increase will bring the monthly minimum wage from B$2,164 (US$315) to B$2,250. In a press release, Bolivia’s economy minister, Marcelo Montenegro, declared that “these salary increases will contribute to re-energising the national economy and benefiting the productive sector”. However, private sector representatives are seemingly not on board. Speaking to national newspaper El Diario, Marcelo Romero, the president of the federation of private business representatives (FDEPT) in Tarija department, described the wage increases as “an attack on stable, dignified, and sustainable business”.

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