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.
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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.
Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.
Bolivia is close to signing gas purchase-sale agreements with private companies in Brazil and Argentina, informed the Hydrocarbons Minister, Luis Sanchez. He added that oil & gas revenues reached $US1.9 billion in 2017 and the estimations for this year are $US 2.2 billion and for 2019 $US2.5 billion.
Bolivia has a long history with the oil and gas industry, with the country’s first liquids production commencing in 1925. Today production is dominated by gas, a commodity that has become vital to the country’s economy.
By E. Dunphy, ACA Natural gas has played a key role in Bolivia’s economy, notably over the last 15 years where production has more than doubled from 2003 levels to reach 1654mmscf/d in 2017. However, under-investment in exploration now sees the country boasting a reserves life of a […]
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