Bolivia prepared to tap its record 10 billion US dollars in central bank reserves to help boost agricultural production and stockpile food staples as a hedge against a looming global “food crisis” Finance Minister Luis Arce said.
India’s Jindal Steel & Power plans this year to export 1 million tons of iron ore concentrate from Bolivia’s El Mutun mine, the firm said. Following on some problems that have been overcome, exports will begin in March reported Jindal Bolivia’s communications manager, Eduardo Prudencio.
Bolivian President Evo Morales was forced on Thursday to abandon a public event in the face of angry protests over food shortages and price rises. Morales was due to address a parade to commemorate a colonial-era uprising in the mining city of Oruro.
Chile and Bolivia begin talks Monday in La Paz on a 13 point agenda agreed in 2006 and which among other issues includes the landlocked country’s aspiration to recover its outlet to the Pacific lost during a regional war in 1879.
Bolivia's President Evo Morales and his Vice President Alvaro Garcia Linera, recently celebrated their government's fifth anniversary and the first of his second term in La Paz, Bolivia.
Bolivian President Evo Morales has reinstated 17 of his cabinet members and changed three in a cabinet shakeup the state news agency ABI reported. Over the weekend all twenty ministers had tendered their resignations to President Evo Morales, as he began his sixth year in office. The cabinet changes come as Morales popularity drops according to opinion polls.
Chilean President Sebastian Piñera has responded to Bolivian President Evo Morales who said Saturday that “Atacama, used to be Bolivian and we hope to recover it soon, although a presidential spokesmen later said “it was a joke.”
The Bolivian government has increased its military budget by more than 120% during the last decade, increasing 64% during President Evo Morales five years in office, according to a report compiled by Bolivian journalist, Ruy D’Alencar Delgado, published in El Deber newspaper.
Coca Brynco was launched in Bolivia earlier this week. It is the first mass produced soft drink of its kind and the project is supported by the government of President Evo Morales.
President Evo Morales’ government has offered to reimburse 100% of the cost of successful exploratory drilling in Bolivia by private oil and natural gas companies, state-owned energy company YPFB announced this week.