After the recent primaries in Bolivia, another authority resigned to the Electoral Court (TSE). Judge Dunia Sandoval send a long letter to the president of the Congress in which she denounced that it is impossible for her to continue working due to the change of direction in the TSE. Sandoval was with Antonio Costas one of the judges that opposed a new postulation of President Evo Morales and Vice-president Alvaro Garcia Linera.
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Bolivia fell 20 places in the Global Corruption Perception Index (CPI) 2018, from 112 to 132. The index – developed by Transparency International (TI), reveals that Bolivia obtained a score of 29, where 0 is the highest level of corruption and 100 is the highest score.
On 2012, 2013 and 2015, Bolivia maintained a score of 34 in the perception of corruption; while in 2014 achieved its highest historical score reaching 35. However, the situation deteriorated by 2016 and 2017 with 33 in both years until reaching 2018 with only 29 points in the perception of corruption.
The construction of the Mutún steel plant began after an event presided over by President Evo Morales. China´s Sinosteel will build the plant in the next three years. With an investment of $US 546 million, the government expects that the plant will produce a million tonnes of steel.
YPFB, the state oil company, will open offices in Brazil, Paraguay, Argentina and Peru. YPFB’s president, Oscar Barriga said that the expansion is part of the internationalisation plan of the company.
Bolivian exports to Venezuela fell dramatically from 2010 to 2018. According to the Bolivia Instituto of Trade (IBCE), Bolivian sales to Venezuela reached in 2010 $US341 million, but by November 2018 they reached only $US1 million, a fall of 99.7%. Bolivia is one of the main political allies of Venezuela, but this friendship did not translate on a healthy trade exchange.
The Andean Development Corporation (CAF) launched a benchmark bond fro €750 million for a period of five years and a coupon of 0.625%. According to the organisation, the launching surpassed expectations.
The business network in Bolivia grew 7% in 2018, reaching a total of 315.868 active companies, according to the Entrepreneurial Development Foundation (Fundempresa). 79% of the firms are unipersonal, 19% are limited companies and 1 are corporations.
By Dr Maria Daniela Sanchez-Lopez* On November 22nd, 2018, the city of Frankfurt in Germany hosted the conference Invest in Global Resources where different market and industry experts discussed the business environment of commodities and investment strategies in mining activities. A hot topic through the day was the […]
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.
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.