Bolivia and Germany create a joint venture to exploit lithium

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 demands respect to the vote in Bolivia

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.

Political uncertainty is impacting investments

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 have to worry about financial liquidity 

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.

Protest continued across Bolivia’s main cities

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, […]

Sernap modified protected area to allow hydrocarbons exploitation

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.