The Fund for the Promotion of Investment in Exploration and Hydrocarbon Exploitation (FPIEEH) was left without economic resources as a result of a supreme decree that ordered the transfer of its resources to a different account. This fund was created in 2015 by Law 767 of Promotion for […]
The IMF expects that Bolivia’s GDP will grow to 4.2% in 2019 and fall further in 2020 to 3.9%. The organisation said that they believed that the current account deficit will fall slightly due to a fall in imports of capital goods, but capital inflows and remittances are […]
Bolivian citizens continued to demonstrate to express their anger and outradte at the recent decision by the Electoral Supreme Court to allow Morales to run for presidency again in spite of the referendum vote of february 21, 2016. The government said that there were only 5 thousand demonstrators, […]
The budget (Presupuesto General del Estado) for 2019 was approved by the house of representatives. Jaime Duran, the viceminister, said that the government would increase spending on health and education to respectively ca. US$ 2.9 billion and US$ 3.1 billion, while US$6.5 billion will be spent on the […]
The Nacional Service for Protected Areas (Sernap) modified in 2014 the distribution of the Tariquia National Reserve in Tarija, to allow oil activity in the area, denounced Jorge Campanini, an expert of the Information and Documentation Centre of Bolivia (Cedib). He added that the new adjustment would allow hydrocarbons exploration and exploitation at what was the centre of the national reserve.
Bolivia will receive an income of $US2.5 billion but will export less gas to Argentina and Brazil. Hydrocarbons minister, Luis Alberto Sanchez, affirmed that Bolivia would receive these gas revenues thanks to the legal security in the country that allows new investments and gas contracts. However, former Economy Minister, Luis Arce, recognised that Bolivia would substantially reduce its gas exports to Argentina and Brazil, the two main markets for the country.
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.
The Bolivian government is eager to transform Bolivia into a global manufacturer of rechargeable batteries used in electric cars. But the country needs help from the few foreign companies willing to take the risk. ACI Systems Alemania GmbH recently signed an agreement with Bolivia to build a $250 million lithium operation by […]
CEDLA specialist, Silvia Molina, warns about the increasingly unequal bilateral relationship with China. According to Molina, the Chinese financial presence in the country weakens Bolivian institutions and the national legal framework, in addition to causing restrictions on the state’s vigilance and control of its own actions and reducing […]
The Central Bank expects to close 2018 with an inflation rate of 2%. “With regard to growth, it is expected that this year the country will have the second economy in the region with 4.4%,” said Sergio Cerezo, the treasury manager of that institution. Read more Source: ABI