Bolivia needs urgent economic adjustments in an electoral year

Diversify exports, review the exchange rate, lower the fiscal deficit, lower labour costs, reduce the external debt and balance the international reserves, increase productivity and restore confidence in the economic policy are some of the urgent challenges that Bolivia faces in 2019, an electoral year, said several economists consulted by Los Tiempos.

Electoral year will generate uncertainty for gas investments

2019 is an electoral year, and it comes with uncertainty for new investments in the hydrocarbons sectors, warn the Bolivian Hydrocarbons and Energy Chamber (CBHE). The organisation said that gas production has reduced since 2014 and there is an urgency to broaden the exploratory frontier, but the political environment will have an impact in 2019.

Bolivia ranked 128 among 161 countries to do business in 2019

Bolivia ranks 128 among 161 countries to do business in 2019, according to Forbes. The American publication states that Bolivia is a resource-rich country with strong growth attributed to captive markets for gas exports, Brazil and Argentina. However, it remains one of the least developed countries in the region because of state-directed policies that deter investment.

Electoral authorities in Bolivia remain divided

The firing of two technical experts from the Electoral Supreme Court (TSE) in Bolivia has caused clashes among the electoral judges. TSE’s Vice-president, Antonio Costas, denounced that the firing of the two technicians was decided without consulting him, despite him being the head of the informatics department.