Day: Apr 18, 2019

IDB: Bolivia’s debt levels are reasonable

Bolivia’s external debt is within reasonable margins, said the Interamerican Development Bank (IADB), one of the country’s main creditors. The IDB finances public investment projects, mainly in the areas of infrastructure and job creation. More than 70% of the financing portfolio goes to infrastructure projects: roads, electric sector, hospitals, water supply and sanitation.

Industrial Sector aims to grow to 20% of GDP

The industrial sector aims to increase its share of the Gross Domestic Product (GDP) from 16% to 20%. The president of the Industries National Chamber (CNI), Ibo Blazicevic presented to the government a 10-year plan to achieve the objective. The Planning Minister, Mariana Prado, welcomed the proposal and said that this means that the government will withdraw from some sectors such as hydrocarbons and mining to boost the private industrial sector.