The political uncertainty in Bolivia is impacting investments, warned an important think tank in Bolivia. According to the Center of Studies for Labor and Agrarian Development (CEDLA), the current pre-electoral uncertainty has already put a brake to economic initiatives in the private sector and it is expected that the trend will continue in 2019, due to the politicised environment in the country.
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Bolivia does not need to worry about its financial liquidity. By October 2018 credits in the financial sector reached $US22.2 billion, which means 12% annual growth, said the Banks Association of Bolivia (Asoban). Deposits grew at a slower rate of 6%, to reach $US24.9 billion. Asoban recognised that there is less liquidity in the system but it expressed its confidence that the situation will be reversed.
Bolivia is close to export soybean to China. President Evo Morales authorised the signing of a protocol with China that will allow the shipment of soybean to the Asian country.
The Nacional Service for Protected Areas (Sernap) modified in 2014 the distribution of the Tariquia National Reserve in Tarija, to allow oil activity in the area, denounced Jorge Campanini, an expert of the Information and Documentation Centre of Bolivia (Cedib). He added that the new adjustment would allow hydrocarbons exploration and exploitation at what was the centre of the national reserve.
Bolivia will receive an income of $US2.5 billion but will export less gas to Argentina and Brazil. Hydrocarbons minister, Luis Alberto Sanchez, affirmed that Bolivia would receive these gas revenues thanks to the legal security in the country that allows new investments and gas contracts. However, former Economy Minister, Luis Arce, recognised that Bolivia would substantially reduce its gas exports to Argentina and Brazil, the two main markets for the country.
The Andean Development Corporation (CAF) approved a loan for $US100 million to enhance the management of public finances in Bolivia. According to the development bank, the credit will promote sustainable economic growth and an improvement on Bolivia’s income distribution.
Eight of the nine main cities of Bolivia wake up today with protests and street-blockings because of the controversial decision of the Supreme Electoral Court (TSE) to allow president Evo Morales and vice-president Alvaro Garcia Linera to seek a fourth term.
Contraband of alcoholic beverages costs Bolivia $ 220 million per year, warned the president of the National Beverage Chamber (Canabe), Karina Herbas. Each week 2,000 bottles of alcoholic drinks issued illegally are seized in the country.
Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.
Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.