YLB & ACI Systems were created yesterday by the representants of Bolivia and Germany. Through the joint venture agreement, Bolivia will provide the lithium commodity while the German company will provide the technology to create lithium batteries. The operation will only cover 0.4% of the total area of the Salar de Uyuni that reaches 10,000 square kilometres.
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.
Bolivia does not need to worry about its financial liquidity. By October 2018 credits in the financial sector reached $US22.2 billion, which means 12% annual growth, said the Banks Association of Bolivia (Asoban). Deposits grew at a slower rate of 6%, to reach $US24.9 billion. Asoban recognised that there is less liquidity in the system but it expressed its confidence that the situation will be reversed.
Bolivia is close to export soybean to China. President Evo Morales authorised the signing of a protocol with China that will allow the shipment of soybean to the Asian country.
The Fund for the Promotion of Investment in Exploration and Hydrocarbon Exploitation (FPIEEH) was left without economic resources as a result of a supreme decree that ordered the transfer of its resources to a different account. This fund was created in 2015 by Law 767 of Promotion for […]
The IMF expects that Bolivia’s GDP will grow to 4.2% in 2019 and fall further in 2020 to 3.9%. The organisation said that they believed that the current account deficit will fall slightly due to a fall in imports of capital goods, but capital inflows and remittances are […]
Bolivian citizens continued to demonstrate to express their anger and outradte at the recent decision by the Electoral Supreme Court to allow Morales to run for presidency again in spite of the referendum vote of february 21, 2016. The government said that there were only 5 thousand demonstrators, […]
The budget (Presupuesto General del Estado) for 2019 was approved by the house of representatives. Jaime Duran, the viceminister, said that the government would increase spending on health and education to respectively ca. US$ 2.9 billion and US$ 3.1 billion, while US$6.5 billion will be spent on the […]
The Nacional Service for Protected Areas (Sernap) modified in 2014 the distribution of the Tariquia National Reserve in Tarija, to allow oil activity in the area, denounced Jorge Campanini, an expert of the Information and Documentation Centre of Bolivia (Cedib). He added that the new adjustment would allow hydrocarbons exploration and exploitation at what was the centre of the national reserve.