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.
The Andean Development Corporation (CAF) launched a benchmark bond fro €750 million for a period of five years and a coupon of 0.625%. According to the organisation, the launching surpassed expectations.
By Dr Maria Daniela Sanchez-Lopez* On November 22nd, 2018, the city of Frankfurt in Germany hosted the conference Invest in Global Resources where different market and industry experts discussed the business environment of commodities and investment strategies in mining activities. A hot topic through the day was the […]
The leaders of Brazil and Argentina resolved yesterday in Brasilia to promote a free trade agreement with the European Union (EU). Bolsonaro, who came to power on January 1, underlined his desire to “strengthen” ties with Argentina, one of Brazil’s main economic partners, and expressed his conviction that relations between the two countries will continue on the right track.
Presidents Sebastián Piñera and Jair Bolsonaro agreed to start the construction of the railway, which will pass through Paraguayan territory and northern Argentina.
Bolivia is among the ten countries with the highest minimum wage in Latin America. The country is in 8th place with a minimum wage of $US 300 according to a report from technology and social media expert Fernando Bruccolery published in the portal medium.com. Uruguay is in the first place of the list with a minimum wage of $US463 followed by Chile with a minimum salary of $US434.