Bolivia will receive an income of $US2.5 billion but will export less gas to Argentina and Brazil. Hydrocarbons minister, Luis Alberto Sanchez, affirmed that Bolivia would receive these gas revenues thanks to the legal security in the country that allows new investments and gas contracts. However, former Economy Minister, Luis Arce, recognised that Bolivia would substantially reduce its gas exports to Argentina and Brazil, the two main markets for the country.
The Andean Development Corporation (CAF) approved a loan for $US100 million to enhance the management of public finances in Bolivia. According to the development bank, the credit will promote sustainable economic growth and an improvement on Bolivia’s income distribution.
Eight of the nine main cities of Bolivia wake up today with protests and street-blockings because of the controversial decision of the Supreme Electoral Court (TSE) to allow president Evo Morales and vice-president Alvaro Garcia Linera to seek a fourth term.
The Bolivian government is eager to transform Bolivia into a global manufacturer of rechargeable batteries used in electric cars. But the country needs help from the few foreign companies willing to take the risk. ACI Systems Alemania GmbH recently signed an agreement with Bolivia to build a $250 million lithium operation by […]
CEDLA specialist, Silvia Molina, warns about the increasingly unequal bilateral relationship with China. According to Molina, the Chinese financial presence in the country weakens Bolivian institutions and the national legal framework, in addition to causing restrictions on the state’s vigilance and control of its own actions and reducing […]
The Central Bank expects to close 2018 with an inflation rate of 2%. “With regard to growth, it is expected that this year the country will have the second economy in the region with 4.4%,” said Sergio Cerezo, the treasury manager of that institution. Read more Source: ABI
The Chilean economy grew by 4.2% in October, compared to the same month last year, driven by trade and manufacturing. Importantly this was achieved despite a sharp drop in the mining industry, reported the Central Bank. Meanwhile, this Wednesday the monetary authority published its Monetary Policy Report in […]
The IDB representative in Bolivia, Alejandro Melandri, said that the IDB would allocate about 75% of the total amount to infrastructure projects, such as road construction. At the same time, the IDB representative indicated that 600 million dollars were approved for Bolivia in this current year. Read more […]
YPFB signed a Memorandum of Understanding (MOU) on September 28, 2018 with the Italian firm Pietro Fiorentini SPA for the provision of 100 smart meters for a pilot test in El Alto. This contract involving the replacement of current meters would represent an expense for YPFB of around […]
The president of the Supreme Electoral Tribunal (TSE), Maria Eugenia Choque, presented the list of candidates for the primary elections of this January 27, 2019. Among them were President Evo Morales and Alvaro García Linera for the MAS. Read more Source: ATB