Alberto Bonadona has written an excellent article regarding interest rates. He concludes that the government should not impose interest rates. Rather, should place bonds at attractive rates for those who save, which would force private banks to raise their savings interest rates as well. And to create lines of credit at reasonable rates, using the…
Category: Business
Coca over wildlife, part II
Unfortunately, the Bolivian Congress, called under this government “Legislative Assembly,” has approved (last Friday) a Brazilian credit for the construction of a road that will cut the national reserve “TIPNIS”. A $332MM dollar credit to build a road from the coca growing area in the Chapare (Cochabamba) to San Ignacio de Moxos in the Beni department,…
Positive news for Bolivia
… … Regrettably I have to say to those of you that read this site from time to time and to those that are just beginning… there are no positive news for Bolivia today. Strikes are under way; government insists on a way to “select” our judges, without an open way to select, to know who…
Does Bolivia have a sound salary policy?
This cartoon appeared May 9, 2011 in La Razon newspaper. It represents how the larger union (COB) received 11% salary increase as opposed to YPFB, the hydrocarbon state-owned company who gets 70% for this calendar year. In the earlier years of this government, it had a policy that no public servant should have a greater…
Can Bolivia control its inflation?
We are prone to conflict. Bolivia’s history is filled with struggle; over the years we’ve seen road/street blockades and strikes (including hunger strikes) as types of pressure to all governments. Bolivian society suffers these “pressures” and after a while, depending of the government style and strength some “agreement” is reached… until next strike. Under that environment how…
Bolivian economy needs clear rules
An interesting comparison was made by journalist Humberto Vacaflor on El Deber today: On labor day, while in Huanuni Oruro on May 1st, president stated that people had to wait for new mining, hydrocarbon and investment laws; as well as for banking, commerce and trading laws. Uncertainty has proven to be a bad sign, investment remains stagnant, inflation…
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