Bolivia is making a structural review of the road construction contracts with Chinese firms signed with the former government of Evo Morales, announced the Public Works Minister, Iván Arias. He added that the government is looking to change the term reference of the contracts.
Bolivia’s government will reduce electricity tariffs across the country. It will start in the departments of Santa Cruz with a reduction of up to 50% and Chuquisaca with a decrease of up to 41%. The reductions were negotiated with energy companies (generation, transport and distribution) and the new tariff structure will not affect their profits.
Moody’s has placed Bolivia’s Ba3 rating under review for downgrade. The rating agency said in its report that the monetary and fiscal cushions, key to keep Bolivia’s current grade, have been deteriorating due to constant and important fiscal and current account deficits.