Category: Economy

Information regarding Bolivia’s productive sector and the country’s macroeconomy.

US firms could invest up to US$20 bn a year in Argentina

US private sector firms could invest up to US$20 billion per annum in oil, gas, fracking, as well as renewables and electricity. Argentina is aiming to attract up to US$140 billion of investment by 2030 from the US. In addition, France will also be investing in the energy sector over the next couple of years.

15% of second year-end bonus should be used to buy national products

15% of the second year-end bonus have to be used to buy national products, established the supreme decree that regulates the payment of the benefit. According to the decree, a mobile wallet system will be established to allow the workers to buy national products, but the will have to provide their mobile numbers. The system will be optional for the private sector but the companies will need to negotiate an optional system with their workers.

Bolivia and Germany create a joint venture to exploit lithium

YLB & ACI Systems were created yesterday by the representants of Bolivia and Germany. Through the joint venture agreement, Bolivia will provide the lithium commodity while the German company will provide the technology to create lithium batteries. The operation will only cover 0.4% of the total area of ​​the Salar de Uyuni that reaches 10,000 square kilometres.

Political uncertainty is impacting investments

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.