The Economic Commission for Latin America and the Caribbean (ECLAC) raised the growth projection for Bolivia from 4.3% to 4.4%, which means that the country will head the list of nations with the highest growth in the region, in 2019.
President Evo Morales confirmed yesterday, that the Government of India is willing to invest U$D 13 billion in Bolivia’s hydrocarbons sector. The statement was announced during an act in the city of Cobija, Pando.
The Head of State referred to this achievement after the first meeting he held with the President of India, Ram Nath Kovind, in the city of Santa Cruz, on March 29.
During the meeting between the two leaders, a Joint Declaration was approved and eight complementary agreements were signed, that will benefit both countries. According to Morales, the areas covered the health, lithium and hydrocarbons sectors.
Bolivia had a trade surplus of more than US$500 million with India in 2018, said the CEO of the Bolivian Foreign Trade Institute (IBCE), Gary Rodríguez. Exports to India increased significantly since 2007. “Bolivia sold U$D 723 million and imported U$D 152 million, therefore the surplus reached U$D 517 million. We expect this kind of relationship in the country to shore up our International Reserves in the BCB.”
Bolivia has a 2030 development plan that will be based on lithium, affirmed President Evo Morales. He added that there are plans to build more than 40 lithium plants and some of them are under construction. The President pointed out, that the “2030 Plan” will also include the construction and industrialization plants of hydrocarbon gas pipelines to the Pacific.
According to Supreme Decree No. 3738 of December 7, 2018, the capital paid by the German company ACISA for a 70-year contract, at the time to constitute the Public Joint Venture with the Bolivian lithium state company (YLB-), was only US$ 739,224.