Six samples of Bolivian cacao will participate in the International Cacao Award 2019 (ICA, for its acronym in English), which will take place in October in Paris, France, where producers and buyers from around the world will meet. This global competition is held every two years and in the previous five versions, Bolivia reached the top positions with high-end ecological cacao and this year aims to achieve more.
Lima will host the third meeting of the countries part of the bi-oceanic train project encouraged by Bolivia, to advance in its concretion to unite the Atlantic-Pacific oceans. The Deputy Minister of Foreign Trade, Benjamin Blanco, reported the next appointment but did not give details about the date or month. The project of the Bioceanic Railway Integration Corridor (CFBI) is encouraged by Bolivia and it plans to link the ports of Santos, in the Atlantic (Brazil), and Ilo in the Pacific (Peru) through a railway line, with an eye on the Asian markets. Uruguay and Paraguay are part of the mega project and will be united from the Paraguay-Paraná waterway. Germany, Switzerland and Spain are interested in participating in the financing of the enterprise that, in Bolivia’s opinion, is viable. President Evo Morales encourages the project to make Bolivia a kind of commercial hub between both oceans.
Organisations from France, Russia, China, Spain, South Korea, Japan and India expressed their interest in building a prospecting satellite for Bolivia. Within this context, the head of the Bolivian Space Agency (ABE) affirmed that India would be a “good” partner to develop technological entrepreneurship. He added that President Evo Morales has a “keen” interest for Bolivia to having a satellite to prospect natural resources.
Bolivia’s President Evo Morales will travel to the United Arab Emirates to attend the 9th Annual Investment Meeting (AIM) 2019 on April 8. The AIM is a global event that gathered international investors, experts, academics and delegates from more than 140 countries. Its objective is to provide updated information on Foreign Direct Investment as well as strategies and knowledge to attract external capital. President Morales will seek to consolidate agreements with businessmen to attract investments to the country. He will then travel to Ankara, Turkey, to hold talks with President Recep Tayyip Erdogan.
The head of the International Monetary Fund has warned that the majority of countries around the world can expect slower growth in 2019 as the global economy loses momentum. Christine Lagarde said rising trade tensions, concerns over Brexit and tougher financial conditions as central banks raised interest rates had “increasingly unsettled” the world economy over recent months.
An increase in the world demand of lithium batteries is foreseen for the coming years, mainly in Asia, announced Bolivia’s state lithium company (YLB) director, Marco Kucharski. Only China plans to manufacture between 200 and 500 million electric vehicles, a trend that would benefit Bolivia who has one of the world’s largest lithium reserves. He also emphasized that the electronics and chemical sectors will be important consumers of the mineral, taking into account that planes today use a lithium-titanium alloy to perform operations.
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.
The slowdown of the world’s leading economies will increase the uncertainty in Latin America, warned the Economic Commission for Latin America and the Caribbean (ECLAC). According to the organisation, the slowdown in China, the US and Europe will impact negatively in the region which can expect a growth of only 1.7%.
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.
YPFB, the state oil company, will open offices in Brazil, Paraguay, Argentina and Peru. YPFB’s president, Oscar Barriga said that the expansion is part of the internationalisation plan of the company.