Bolivia is the country with more low productivity employment in Latin America, according to a study. According to the Inaset Foundation, low productivity employment is over 60% with a negative impact on incomes and the country’s development.
Bolivian producers expect to export meat to the Russian and Chinese market by mid-year. A Russian delegation will visit Bolivia this month to inspect the refrigerating plants enabled to export meat and to review the sanitary protocol that should be agreed between Russia and Bolivia.
Bolivia plan to invest $US1.4 billion to explore 23 sectors in the country and drill 25 new gas wells on the hope of finding new reserves. The investment will be financed by national and international companies.
The Bolivian government signed a joint venture with the Chinese consortium Xinjiang TBEA Group-Baocheng to industrialised lithium in the country. The joint venture plan to open eight lithium plants in the Coipasa and Pastos Grandes salt flats in Potosi with an investment of $US2.3 bn. The project also aims to open a lithium batteries factory in China.
Gold cooperatives exported in 2018 $US 1.1 billion of metallic gold, but only pay about $US 30 million for royalties. The main markets are India and the United Arab Emirates. According to the former mining authorities, the extraction of metallic gold is having a negative environmental impact.
Bolivia sent an invitation to Brazil to continue the development of bi-oceanic train that will connect the Atlantic in Brazil with the Pacific in Peru, going through Bolivia. According to the Bolivian government, the invitation was sent to the government of Jair Bolsonaro, asking to name the authorities that will continue the dialogue with Bolivia and Peru. Brazil has not reply to the invitation but has asked more time to define their authorities.
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 $US 546 million, the government expects that the plant will produce a million tonnes of steel.
A report published by La Nación hinted that imports of natural gas from Bolivia tend to lose prominence in the energy matrix of the neighboring country that supports its strategy in the rationalization of resources and greater local production of energy not only hydrocarbons, but electricity.
The National Electricity Company (ENDE) pledged that the Ivirizu hydro project, which will provide 290 megawatts into the National Interconnected System (SIN), will conclude in 2021. The Ivirizu Hydroelectric Project is being built in the Carrasco National Park of the department of Cochabamba in a surface of 250 hectares with an investment of US$ 549 million.