Author Archives

asouviron

Digital media consultant and journalist. Passionate about history.

President Morales changed seven ministers

President Evo Morales changed seven of his 20 ministers. He said that the changes are to improve public management of the state but also for “political action”. He added that the main responsibility of the new cabinet of ministers would be to keep the economic growth.

Bolivia’s GNP increased 327% in 13 years

The contract to build a steel factory in Mutun began to be implemented. The Bolivian Government has ordered to proceed with the implementation of the project, which will cost $US 466 million. Chinese Sinosteel will be responsible for the construction of the plant, while the supervision of the project will be in the hands of CISDI, also from China.

Chinese Sinosteel will build a steel plant in Mutun

The contract to build a steel factory in Mutun began to be implemented. The Bolivian Government has ordered to proceed with the implementation of the project, which will cost $US 466 million. Chinese Sinosteel will be responsible for the construction of the plant, while the supervision of the project will be in the hands of CISDI, also from China.

International reserves fell 42% since 2014

Bolivia’s international reserves reduced 42% since 2014, from $US15,478 million to $US8,946 million, according to the Bolivian Central Bank (BCB). Although the sharp fall, President Evo Morales insisted that the international reserves are still the highest in South America as a percentage of the Gross National Product (GNP). They represent 21.4% of Bolivia’s GNP, against 21.2% in Peru and 17.8% in Brazil.

The government announced signs of significant gas reserves

There are signs of significant gas reserves in geological formation of Huamampampa in the regions of Santa Cruz, Chuquisaca and Tarija, announced the government. Hydrocarbons Minister, Luis Alberto Sánchez, said that after having exceeded the 7,800 meters of drilling there are strong indications of the existence of a “sea of gas”. However, gas analysts warned that at that depth the results of production tests should be expected to determine profitability.