Bolivia Says it May Tap Reserves to Stockpile Food
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Bolivia may tap its record $10 billion in central bank reserves to help boost agricultural production and stockpile food staples as a hedge against a looming global “food crisis,” Finance Minister Luis Arce said.
President Evo Morales canceled his participation at an event in the mining city of Oruro today after protests against sugar shortages and rising transport prices threatened to turn violent, state-run news agency ABI reported today. Bolivian consumer prices accelerated 1.76 percent in December from November, the biggest monthly jump since May 2008.