The Chilean Executive secretary general Andres Chadwick gave full support on Monday to Foreign Affairs minister Alfredo Moreno decision of not attending the Sunday session at the OAS General Assembly in Cochabamba where Bolivian president Evo Morales called for a sovereign sea outlet for his land-locked country.
As anticipated in the opening speech of the 42 OAS General Assembly hosted by landlocked Bolivia, President Evo Morales put on the discussion table his country’ aspiration for an outlet to the Pacific Ocean linking it to Argentina’s sovereignty dispute with the UK over the Falklands/Malvinas Islands.
Bolivian president Evo Morales announced on Monday he will request at the coming Organization of American States, OAS General Assembly to be held in Cochabamba that the issues of Malvinas Argentine sovereignty and a sea outlet for Bolivia be discussed.
Argentine vice-president Amado Boudou publicity thanked Bolivia for its standing and unyielding support to Argentina’s claims over the Malvinas and other South Atlantic Islands.
India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.
Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a fair price for the oil company citing a similar case in Bolivia this week.
Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.
The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.
Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”
Bolivian President Evo Morales announced on Tuesday the expropriation of Spain’s Red Eléctrica Española (REE) shares at a power transmission company in Bolivia and ordered the Army to take over the firm's headquarters.