The president of Bolivia’s National Electricity Company (Ende), Joaquín Rodríguez, reported on Monday that, from the second half of this year, it is expected to start exporting electricity to Argentina, once the transmission line between both countries is established.
The president of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) , Óscar Barriga, indicated the state company plans to invest 1,450 million dollars in 2019. The state-owned company reported today that US$ 450 million dollars have been earmarked for hydrocarbon exploration projects.
The Port Services Administration-Bolivia (ASP-B) and the National Ports Administration (ANP) of Uruguay yesterday signed an agreement to give Bolivia access to the Atlantic through the ports of Nueva Palmira and Montevideo. The agreement allows Bolivia to have presence in both docks, which are connected through the Paraguay-Paraná Waterway, a route in which the country consolidated three ports (Gravetal, Jennefer and Aguirre) to boost foreign trade.
The Minister of Development Planning, Mariana Prado, and Juan Notaro Fraga, president of the Financial Fund for the Development of the River Plate Basin (Fonplata), signed a $ 100 million loan on Monday for the Urban Infrastructure for Generation Program of Employment II. The objective of this program is to promote and develop comprehensive urban infrastructure initiatives for the construction of sustainable, accessible and inclusive cities.
The Ministers of Development Planning and Environment, Mariana Prado and Carlos Ortuño, respectively, and the Ambassador of the Kingdom of the Netherlands, Wiebe de Boer, signed a donation agreement of 3.3 million euros for the rehabilitation of the Pampahasi Water Treatment Plant. The donation is part of the Financing of Projects for Social Development, with funding from the Netherlands for the construction of public infrastructures in the sectors of food security, water, climate, health and reproductive rights.
2019 is an electoral year, and it comes with uncertainty for new investments in the hydrocarbons sectors, warn the Bolivian Hydrocarbons and Energy Chamber (CBHE). The organisation said that gas production has reduced since 2014 and there is an urgency to broaden the exploratory frontier, but the political environment will have an impact in 2019.
The firing of two technical experts from the Electoral Supreme Court (TSE) in Bolivia has caused clashes among the electoral judges. TSE’s Vice-president, Antonio Costas, denounced that the firing of the two technicians was decided without consulting him, despite him being the head of the informatics department.
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UN demanded a preservation to the vote in Bolivia and asked the celebration of free and transparent elections. Without mention, the judgment of the Electoral court that allows President Evo Morales to seek a fourth consecutive term, the UN representant in Bolivia asked for the respect of democratic values in Bolivia. The UN’s pronouncement takes place after 20 presidents of 12 Spanish American nations asked the Organisation of American States (OAS) to adopt measures to condemn and reject the actions that allow Morales to seek a fourth consecutive term. Meanwhile, the Bolivian president affirmed that democracy in Bolivia is stronger than ever.
The political uncertainty in Bolivia is impacting investments, warned an important think tank in Bolivia. According to the Center of Studies for Labor and Agrarian Development (CEDLA), the current pre-electoral uncertainty has already put a brake to economic initiatives in the private sector and it is expected that the trend will continue in 2019, due to the politicised environment in the country.