Bolivia’s external debt reached $US9.8 billion

Until November this year, Bolivia's external debt reached $US9.8 billion or 24% of the GDP. The president of the Bolivian Central Bank, Pablo Ramos, insisted that the government has still room for manoeuvre. The current debt is one of the highest in the last ten years and has increased by more than $US2 billion since December 2017, when it reached $US7.26 billion. The debt is also higher than the current International Reserves, which by the end of October were in $US8.5 billion.

Bolivia has invested $US5 bn in exporting gas to Argentina

Bolivia has spent around $US5 billion in transporting gas to Argentina, announced the Government. Hydrocarbons Minister, Luis Alberto Sanchez, said that the country invested in the building of infrastructures such as gasoducts and processing plants to continue exporting gas to its neighbour. Meanwhile, a report from the Bolivian Institute of Trade (IBCE) revealed that 48% of Bolivia's gas exports went to Argentina and 52% to Brazil.

Bank credits  increased by 12%

The credits providing by the financial sector rose 12% between January and October, informed the Vice-minister of Pensions and Finance, Omar Yujra. In the first ten months of this year, added the authority, the credits in the financial system grew from $US21.7 billion to $US 24.2 billion, while deposits increased from $US22.7 billion to $US23.9 billion.

“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.

The Bolivian State and Comibol excluded from the arbitration process with Indian Jindal Steel

The Bolivian State and the Bolivian Mining Corporation (Comibol) were excluded from the arbitration process that the Indian Jindal Steel began against the state-owned Mutun Steel Company (ESM), informed the Bolivian government. Jindal seeks compensation of $US86 million after the Morales Administration executed a warranty bill for not finishing the steel project in Mutun.