Weekly Report - 11 July 2024 (WR-24-27)

Bolivia officially became the fifth member state of the Southern Common Market (Mercosur) on 5 July, when President Luis Arce promulgated a bill to join the trade bloc. Bolivia’s accession comes as Mercosur is beset with internal divisions, and it is unlikely to provide a significant boost to an economy that is struggling with shortages of hard currency and dwindling hydrocarbon reserves.

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