Bolivia  ranks second in financial education in Latin America

With 20 projects, Bolivia continues to occupy the second place in financial education in Latin America, according to the Latin American Bank Federation (Felaban). Argentina ranks first while Colombia and Paraguay are in third place. Chile, El Salvador, Guatemala and the Dominican Republic are the countries that show the lowest numbers of financial education initiatives. 

Bolivia proposed to strengthened Mercosur in the face of a global economic crisis

Bolivia proposed to strengthen Mercosur to confront the global economic crisis and minimise the impact of trade wars. Within this context, the country seeks the creation of a regional commision to project futures scenarios and to combat problems such as extreme poverty. President Evo Morales arrived this Tuesday in Montevideo, where a summit of the regional integration group is taking place, to raise the proposal. He stated that “n these times where economic problems arise, Mercosur must be more united.”

US firms could invest up to US$20 bn a year in Argentina

US private sector firms could invest up to US$20 billion per annum in oil, gas, fracking, as well as renewables and electricity. Argentina is aiming to attract up to US$140 billion of investment by 2030 from the US. In addition, France will also be investing in the energy sector over the next couple of years.

15% of second year-end bonus should be used to buy national products

15% of the second year-end bonus have to be used to buy national products, established the supreme decree that regulates the payment of the benefit. According to the decree, a mobile wallet system will be established to allow the workers to buy national products, but the will have to provide their mobile numbers. The system will be optional for the private sector but the companies will need to negotiate an optional system with their workers.