Brazil analyses a $5bn bi-national hydroelectric power plant with Bolivia

Brazil is studying the construction of a bi-national hydroelectric plant with Bolivia on the Mamoré river (northwest of the country) at a cost of $5 billion, said the Brazilian general director of Itaipu Binacional, general Joaquim Silva e Luna. In the next three years, Itaipú Binacional will have its debt settled for the construction of its plant, which will release about $2 billion annually, half for Paraguay and half for Brazil, which can count on this money to invest in the construction of the new power central, he said.

Bolivia aims to sign a new adenda to the gas contract with Argentina

A technical commission from Bolivia is in Argentina to start negotiations for the signing of a new addendum to the gas purchase agreement and to stabilize the volumes demanded by the neighbouring country. Bolivia's YPFB president, Herland Soliz, explained that the current contract addendum establishes export volumes of Bolivian gas of between 16 and 18 million cubic meters per day (MMmcd) in winter and from 10 MMmcd to 11 MMmcd in Summer.

The US restores aid to Bolivia

The President of the United States, Donald Trump, announced that the restrictions of aid to Bolivia were lifted. The aid will begin on the 2020 fiscal year (from 1 October 2019 to 30 September 2020). The US restricted aid since 2017 after consider that the country was failing in its anti-drug policy.

U.S. trade offensive takes out WTO as global arbiter

U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body. Two years after starting to block appointments, the United States will finally paralyze the WTO’s Appellate Body, which acts as the supreme court for international trade.