Industrialization in Bolivia doubles employment opportunities

“We have, for example, for 63 manufacturing plants (…) aiming to generate 62,965 sources of employment, with only 63 plants already organized as a national government,” Labor Minister Veronica Navia said. , during an interview conducted with the magazine Facts TV Bolivia.

He stated that these new industries will be in addition to those planned by the Bolivian Ministry of Rural Development and Financial Petroleum Fields (YPFB) and the Ministry of Hydrocarbons.

He stressed that Bolivia has a unique economic model in the world, which generates sources of employment, and its four pillars: the private economy, the state economy, the social cooperative, and the community economy.

Navia reported that productive projects financed by the Competitive Fund for Public Productive Investment of the Ministry of Development Planning, in alliance with municipal governments, will generate 106,937 indirect jobs and 6,644 direct jobs.

Among the 2,919 cooperatives registered in the productive, agricultural, mining, transportation and other sectors, there are a large number of workers.

He commented that some companies considered large have between two thousand and three thousand employees.

Regarding the community economy, he confirmed that until 2023, 50,161 families will be registered to benefit directly from agricultural work within the second rural alliances program.

He expected that the third rural alliances program will already be implemented, as 1,461 alliances have been approved, and another 1,347 alliances are being evaluated and approved.

He said emphatically: “So we are talking about a productive societal economic model, which not only succeeds due to lower poverty rates, job generation, and improved income levels, but we have maintained the expected economic growth rates in the region.” Despite the difficult circumstances.”

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Navia added that in this context, the unemployment rate in Bolivia is less than 3.6 percentage points, which is the lowest in South America.

The Authority explained, “(…) When employment and unemployment are mentioned, we are talking about self-employment and employment,” noting that there is also growth in the registration of private companies.

Regarding the work of workers, both government and private, he stated that in 2019, there were a record number of 521,789 workers, according to the Office of Virtual Procedures of the Ministry of Labor, about 100,000 of whom were laid off during the Covid-19 pandemic in 2020-2021. .

M/JBM

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