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.

Bolivia's government will reduce electricity tariffs up to 50%

Bolivia’s government will reduce electricity tariffs across the country. It will start in the departments of Santa Cruz with a reduction of up to 50% and Chuquisaca with a decrease of up to 41%. The reductions were negotiated with energy companies (generation, transport and distribution) and the new tariff structure will not affect their profits.

UN calls for more financial aid for landlocked countries such as Bolivia

The United Nations on Thursday demanded further assistance to facilitate the development of landlocked countries, such as Bolivia and Paraguay, which face particular difficulties over their geographical situation in combating poverty. The UN General Assembly adopted a declaration calling for more financial support for these nations and more cooperation to facilitate their access to international trade.

Bolivian government is considering returning $449 mn of unused funds

The Government is considering returning $449 million (as at end-November) which had been allocated to the hydrocarbon exploration fund, in force since December 2015. The Incentives Act (Ley de Incentivos) will not be overturned, but the Government will assess whether or not the funds were or will be deployed. The funds were initially taken from regions, universities and others.