Category: Politics

Information related to political affairs that have an impact on Bolivia’s economic development.

There is no agreement on payment of second Christmas bonus

The pay of a second Christmas bonus proposed by the Government is still contested by the private sector and also by the main trade union in Bolivia. The Morales Administration confirmed that the Christmas bonus should go ahead because the economy will grow 4.61%. However, the private sector represented by the Confederación de Empresarios Privados de Bolivia (CEPB), rejected the initiative arguing that it will put the economy and jobs at risk. Meanwhile, the main trade union (COB) rejected all the government proposals to comply with the payment of the bonus and demanded its cancellation before 20 December.

“CAF praised Bolivia’s public invesment program “

The Andean Development Corporation (CAF) praised Bolivia’s public investment program, which has helped to build basic infrastructure in the last ten years. The CAF’s representative in Bolivia, Gladis Genua, said that the Bolivian state had prioritised the construction of highways, water and electric projects that helped to the development of the country.  CAF has invested in the last decade $US 2.5 billion in public investment projects.

Sebastián Piñera (Chile) and Jair Bolsonaro (Brazil) pursue an strategic alliance

Chile will be the first country to be visited by Jair Bolsonaro, after officially becoming President, said Chilean President Sebastián Piñera. He added that Bolsonaro will then travel to the United States. His statement follows a conversation Piñera had with his Brazilian colleague in which they discussed a possible strategic alliance around the building of a Bi-oceanic Corridor and a Free Trade Agreement.