Bolivia expects to sign new gas contracts with Brazilian firms, announced the Hydrocarbons Minister, Luis Alberto Sanchez. According to Sanchez, the new contracts will generate more profits than the current one with the state-owned Petrobras. He added that Bolivia will continue to export gas to Brazil and Argentina even at better prices. However, both Brazil and Argentina states have announced that they need fewer volumes of gas.
With 20 projects, Bolivia continues to occupy the second place in financial education in Latin America, according to the Latin American Bank Federation (Felaban). Argentina ranks first while Colombia and Paraguay are in third place. Chile, El Salvador, Guatemala and the Dominican Republic are the countries that show the lowest numbers of financial education initiatives.
Bolivia proposed to strengthen Mercosur to confront the global economic crisis and minimise the impact of trade wars. Within this context, the country seeks the creation of a regional commision to project futures scenarios and to combat problems such as extreme poverty. President Evo Morales arrived this Tuesday in Montevideo, where a summit of the regional integration group is taking place, to raise the proposal. He stated that “n these times where economic problems arise, Mercosur must be more united.”