Bolivia to Hold Referenda on Fuel Subsidies and Presidential Reelection

President Arce announces public votes as a step towards resolving economic and political crises.

Bolivia faces severe economic challenges, including fuel shortages and a collapsing currency.
President Arce proposes referenda to decide on eliminating fuel subsidies and reelection rules.
The country has been paralyzed by protests and a political standoff with former President Morales.
Arce's administration struggles with legislative gridlock and dwindling foreign currency reserves.
Analysts are skeptical that the proposed referenda will resolve Bolivia's deepening crises.