Category: Economy

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

Bolivia needs urgent economic adjustments in an electoral year

Diversify exports, review the exchange rate, lower the fiscal deficit, lower labour costs, reduce the external debt and balance the international reserves, increase productivity and restore confidence in the economic policy are some of the urgent challenges that Bolivia faces in 2019, an electoral year, said several economists consulted by Los Tiempos.

Electoral year will generate uncertainty for gas investments

2019 is an electoral year, and it comes with uncertainty for new investments in the hydrocarbons sectors, warn the Bolivian Hydrocarbons and Energy Chamber (CBHE). The organisation said that gas production has reduced since 2014 and there is an urgency to broaden the exploratory frontier, but the political environment will have an impact in 2019.

Bolivia will sign new gas contracts with Brazilian firms

Bolivia expects to sign new gas contracts with Brazilian firms, announced the Hydrocarbons Minister, Luis Alberto Sanchez. According to Sanchez, the new contracts will generate more profits than the current one with the state-owned Petrobras. He added that Bolivia will continue to export gas to Brazil and Argentina even at better prices. However, both Brazil and Argentina states have announced that they need fewer volumes of gas.

Bolivia  ranks second in financial education in Latin America

With 20 projects, Bolivia continues to occupy the second place in financial education in Latin America, according to the Latin American Bank Federation (Felaban). Argentina ranks first while Colombia and Paraguay are in third place. Chile, El Salvador, Guatemala and the Dominican Republic are the countries that show the lowest numbers of financial education initiatives. 

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.