Economy

FDI reached $515m in the first nine months of 2018

Foreign Direct Investment (FDI) reached $515 million in the first nine months of 2018, according to data from the Bolivian Central Bank (BCB). The rhythm of FDI has been the same since 2015 when it reached $1.06 billion. The president of the entrepreneurs federation of Cochabamba, Javier Bellot, noted that reforms are needed to generate more investment. He added that, in the case of Cochabamba, there are connectivity problems both, by air and land. Another obstacle is the process to open companies in Bolivia, which has to be simplified. “There is also labour policy and taxes pressure. If we want to attract investment, we must analyze the tax issue because at this moment there are countries that are more attractive than Bolivia.”

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Source: Página Siete

Categories:Economy