Kenya clashes and Bolivia's failed coup show perils of economic hardship
Posted on AllSides June 27th, 2024
From The Center
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REUTERS/Claudia Morales
ANALYSIS
Deadly Kenyan protests that scuppered tax hikes and a failed coup amid fading economic prospects in Bolivia this week are violent reminders of the dangers posed by faltering economies and punishing austerity measures.
Bolivia's President and former economy minister Luis Arce fended off the putsch on Wednesday, but faces ongoing U.S. dollar shortages and soaring borrowing costs that pushed the country's credit rating to "junk."