UN: Bolivia’s economy grew but remains the poorest in Latin America

Although Bolivia is one of the countries with the highest economic growth in Latin America, still remains as one of the poorest in the region, said independent UN expert, Juan Pablo Bohoslavsky. He added that the current model based on what is called “extractivism” or the extraction of natural resources, is not sustainable in the long term. He warned that “growing challenges” are coming and the government should diversify the economy and invest more in science and technology.

Bolivia negotiates to export​ sugar to Belgium

Bolivian state sugar company San Buenaventura (EASBA) is looking for markets to export a 130,000 quintals-surplus of sugar and one potential buyer is Belgium. EASBA’s CEO, Ramiro Masanto, said that the company is currently negotiation with Belgian’s businessmen to export the sugar surplus production. He added that the company estimates to be able to export sugar by July or August.  

Bolivia will execute China’s Railway warranty deposit for delays in highway construction

Bolivia announced the execution of China Railway Construction’s warranty deposit for the construction of the Rorrenabaque-Riberalta highway. Public Works Minister, Oscar Coca, said that the project is delayed, which is a “serious problem”. The Chinese corporation has been repeatedly accused of violating labour rights in Bolivia and had to face protests and strikes that have impacted the building of the highway.  

ENDE-Bolivia begun construction of transmission line in Argentina

Bolivia’s state electricity company (ENDE) began the construction of an electric transmission line in Argentina, announced the president of the firm, Joaquín Rodríguez. The project will allow Bolivia to export up to 120 megawatts of electricity to Argentina and it is expected to be completed by September this year. The line will run through a 110 kilometres corridor from Yaguacua (Bolivia) to Tartagal (Argentina). Bolivia expects to obtain an initial monthly revenue of $2 million which will increase as the demand increase in the Argentine market.

Public investment reached 13% of execution in March

Public investment in Bolivia reached 13% of execution by the end of the first quarter of 2019. The total expended in public projects reached $630 million, 2% less than the originally programmed. The 2019 budget includes a public investment of $5.3 billion, said the Planning Minister, Mariana Prado.

Peruvian businessmen seek strategic alliance with Bolivian entrepreneurs

Peruvian businessmen from the manufacturing sector visited the cities of Cochabamba and Santa Cruz to establish commercial relations with Bolivian entrepreneurs. Peruvian companies specialising in equipment for the food industry, packaging and packing, construction materials, medical and pharmaceutical equipment and cosmetics, offered products and services in order to generate commercial strategic alliances.