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Bloomberg Línea · Quoted expert ESOriginal title: Por qué la inflación de Bolivia fue la más alta en casi 40 años en 2025 y podría empeorar

Por qué la inflación de Bolivia fue la más alta en casi 40 años en 2025 y podría empeorar

Fortun places Bolivia's 2025 inflation surge in historical context and describes its persistence.

Bloomberg Línea · Quoted expert ESOriginal title: Con Venezuela a la cabeza, estos son los países con las mayores reservas de petróleo del mundo

Con Venezuela a la cabeza, estos son los países con las mayores reservas de petróleo del mundo

Fortun estimates the capital and operational work needed to restore Venezuelan oil production.

Bloomberg Línea · Quoted expert ESOriginal title: Brent se mantiene estable tras acción militar en Venezuela; petroleras de EE.UU. se disparan

Brent se mantiene estable tras acción militar en Venezuela; petroleras de EE.UU. se disparan

Fortun explains why Venezuela's reduced production base limited the immediate global oil-price impact of military action.

Two prices, one exit: administrative visibility and the distributional incidence of subsidy reform in Bolivia

Jonathan M. Fortun Vargas / Fiscal policy for sustainable development in the Global South, LSE International Inequalities Institute and UNU-WIDER workshop

Accepted for presentation at the LSE International Inequalities Institute and UNU-WIDER workshop on 6 November 2026. Using BOLMOD, the Bolivian module of SOUTHMOD, this paper studies how Bolivia’s fuel subsidy reform and exchange rate unification affect households. It compares the enacted compensation package with alternatives deliverable through existing registries, showing why administrative visibility matters for who receives relief.

Stuck in the Loop, Part I: December Is Not Neutral

Fortun argues that Bolivia's fuel-subsidy reform needs a broader fiscal anchor and that implementing it during December's seasonal demand peak intensifies inflation and uncertainty.

Bloomberg Línea · Quoted expert ESOriginal title: El fin de la era del combustible barato en Bolivia pone a prueba al nuevo presidente

El fin de la era del combustible barato en Bolivia pone a prueba al nuevo presidente

The article cites Fortun's public assessment of Bolivia's fuel-subsidy reform, emphasizing the timing and credibility of compensating transfers to households.

Bolivia’s Fuel Subsidy Shock: Necessary, Risky, and Politically Exposed

Jonathan Fortun argues that removing Bolivia’s fuel subsidies was economically necessary but politically exposed. He examines how higher fuel prices can spread through transport, food costs, exchange rate expectations and household behavior. The essay assesses targeted income support, social conflict and political coordination as conditions for turning an emergency decree into a durable stabilization program.

Global Macro Views: The 2025 Cycle - Signals, Timing, and Where the Narrative Shifted

Marcello Estevão · Jonathan Fortun / Institute of International Finance

The direction of the 2025 economic cycle proved more predictable than its timing. China’s repeated recovery trades faded, while emerging market resilience relied more on domestic foundations than expected. Europe and Japan moved through uneven stages, requiring reassessment. Low volatility and a relatively contained dollar range persisted despite geopolitical uncertainty, pointing to structural forces beneath the headlines.