Bolivia lags behind attracting investments

El Diario reports: Bolivia to the tail in attraction of investments Former Mining Minister Dionisio Garzón said Bolivia lags behind in investments, while Colombia, Ecuador and Argentina have attractive rules to attract foreign capital, and seek to develop their sector. He regretted that the Government does not have attractive projects, while Ecuador is in the…

Illegal interim appointments persist in Bolivian public sector

El Diario reports: Illegal interim appointments persist in public sector • Democrat Unit asks the MAS to begin with the institutionalization of state-owned enterprises. Eight years after the Political Constitution of the State (CPE) has been in force, at least ten positions of state entities that must be designated by means of convocations and proposals…

Seminar: 55% of workers’ income goes to taxes

Manuel Filomeno reports for Pagina Siete: Seminar: 55% of workers’ income goes to taxes The director of Inaset noted that the compensation of workers as a percentage of GDP was reduced from 36% to 25% until 2013. In recent years, workers have allocated up to 55% of their income to pay taxes, according to a…

Blatant Corruption: ‘70% of the confiscation of property disappeared’

Ismael Luna reports for El Dia: According to investigation by Senator Gonzales: ‘70% of the confiscation of property disappeared’ The Assemblywoman said that it is not baout simple responsible officials, but a criminal organization. During the last years, the assets of the General Directorate of Registration and Control and Administration of Seized Goods (Dircabi) reached…

74% of the population believes there is corruption in YPFB

Ivone Juarez reports for Pagina Siete: 74% of the population believes there is corruption in YPFB 57% of respondents consider that the level of corruption in Yacimientos is “high” and “very high”. Most say that state projects must be tendered. 74% of Bolivians believe that in Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) there is corruption. The…

Bolivia Outlook Cut to Negative by S&P

Latin American Herald Tribune: Bolivia Outlook Cut to Negative by S&P By Delfina Cavanagh, Marina Neves, & Joydeep Mukherji Standard & Poor’s Global Ratings OVERVIEW Low export prices for natural gas, combined with thus far only modest success in boosting prospects for gas production, are weighing on Bolivia’s external position. Potentially prolonged current account deficits, continued high…