Bolivia has to understand whether subsidies are good for our economy and development over the long run. If we engage in populist /easy-going economic policies such as subsidies in the form of low gasoline prices for example and bonuses paid to specific clusters (i.e. bonus to children from public schools only; bonus to the elderly, regardless their…
Category: Business
Briefs on governmental mistakes, Nov Economics 101
Follow a few but significant signals that continue to damage the Bolivian citizens’ development. Current government, relentlessly and blind-minded continues to either enforce existing laws, neglect to take appropriate action or use plain common sense: Iron – Mutun: Supposedly the largest iron concentration, at least in this hemisphere, hired an Indian company, Jindal, the intention…
Anti-money laundering & combating the financing of terrorism
This excerpt is from the Financial Action Task Force (FATF; GAFI in Spanish), a report made available back in June 2011, Bolivian performance follows: “The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT…
Give you credit but under conditions, says Brazil to Bolivia
In all parts of the world the golden rule applies, whoever has the gold makes the rules. The financing for the road, that will now bypass the TIPNIS, is Brazilian. As such, the 8th economic world power is no exemption when is the time to approve the funding for such road. At the other end sits…
Bolivian industry limited growth since 2005
This chart reflects the Gross Domestic Product (PIB in Spanish) and the national industry growth since 2005. Data provided by the National Chamber of Industries (CNI). Yellow bars is GDP and red line is the industry GDP, source CNI data and chart was produced by Pagina Siete. The Bolivian annual industrial growth has contracted in 8%…
Bolivian 2012 salary increases?
Salary increases in Bolivia have a long history of strikes, blockades and it is more or less customary to start this predicament every years around October. By the end of the first semester of the new year, the government sets percentages (politically driven or as a result of union’s and social pressure) and pushes private sector to meet those…
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