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Weekly Report - 10 January 2013 (WR-13-01)
Morales gets new lease of energy
Bolivia’s President Evo Morales ended 2012 by delivering a shock to foreign investors. On 29 December he nationalised four electricity companies owned by Spain’s Iberdrola. In line with the 2009 plurinational constitution, which provides for a stronger state presence in the economy, the move triggered predictable fears regarding the impact on foreign investment. As has previously been the case however - most recently with his May 2012 nationalisation of electricity transmission company Transportadora de Electricidad (TDE), seized from Spain’s Red Eléctrica Española (REE) [WR-12-18] - these concerns have yet to be borne out.
- Morales gets new lease of energy
- VENEZUELA: Chávez excused formality of swearing-in
- TRACKING TRENDS
- CHILE: Mapuche conflict escalates dramatically
- BRAZIL: Mensalão guilty take office
- UK overtakes Brazil
- ARGENTINA: Fernández lashes out
- TRACKING TRENDS
- MEXICO: Zapatistas make comeback
- MEXICO: Key education reform approved
- MEXICO: Homicides down; perception of violence improves
- TRACKING TRENDS
- REGION: Concern over Petrocaribe’s future grows
- TRACKING TRENDS
- Correa rocked by central bank scandal
- Quotes of the week