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Wednesday, April 27, 2022

Government and COB establish 3% wage increase for the basic salary and 4% for the national minimum wage

 The national government and the Central Obrera Boliviana (COB) established on Wednesday night a wage increase of 3% for the basic salary and 4% for the national minimum, in order to maintain the security and economic stability of the country.

This decision was taken at a meeting between President Luis Arce, ministers of State and the main representatives of the COB, headed by Juan Carlos Huarachi, at the Casa Grande del Pueblo.

"It has been agreed that the increase of the basic salary for 2022 will be 3% and the increase of the national minimum wage will be 4%", informed the President in a press conference.

Arce ratified his commitment to continue working for the welfare of Bolivians and acknowledged the maturity of the COB leaders to assume this decision for the good of the economy and stability of the country.

Arce said that in that meeting, which lasted about 4 hours, the COB workers were explained "in detail" the technical data handled by the government on the current economic situation, after overcoming the effects of COVID-19 and the mismanagement left by the de facto government.

"We are absolutely aware that this first achievement will give us the basis to continue advancing in all the pending issues with the COB," he said.

For his part, the executive secretary of the COB, Juan Carlos Huarachi, welcomed the willingness and commitment of the head of state to meet the demands of the workers and ratified that this organization will continue working to improve the productive apparatus.

"We are once again ratifying a commitment that we workers are going to guarantee the political stability of our Government", he endorsed.

4% for the national minimum wage

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