The US bank has one of the highest levels of country risk in the region, while emphasizing some internal factors of the economy of the highland country.

The Ministry of Economy and Public Finance of Bolivia has expressed its disagreement with JP Morgan's assessments of the national economy, considering that they do not comprehensively reflect the resilience and potential of the Bolivian economy.

JP Morgan reported that Bolivia has one of the highest levels of country risk in the region, while emphasizing some internal factors of the Bolivian economy, driven by political and sectoral interests, which have contributed to affecting the international perception of the country.

The government has stated that the international environment, characterized by geopolitical tensions, rising supply chain costs and the global economic slowdown, has impacted all economies, including the Bolivian one.

Added to this are the blockades and internal protests, motivated by personal and political interests, which generated a significant cost for the Bolivian economy. These actions, far from contributing to the development of the country, directly affected trade and internal supplies, in addition to generating a negative image of the country in the eyes of the international community.

They have also pointed to the blockade promoted by former President Evo Morales, which between October and November of this year alone, caused an economic impact of more than US$ 2.2 billion. Added to this is the blockage in the approval of external credits for more than US$ 1.2 billion in the Plurinational Legislative Assembly (ALP).

"Despite internal and external problems, Bolivia has shown an economic performance that maintains stable growth. Economic growth of 3.1% in 2023 and 2.6% in the second quarter of 2024 demonstrates the country's ability to maintain a positive trajectory, even in the face of adversity," the ministry said.