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Weekly Report - 5 February 2009 (ISSN 1741-7422)

BOLIVIA: YPFB scandal shakes Morales administration

The victory celebrated by President Evo Morales last week over the approval of the new constitution has been overshadowed by corruption allegations involving Bolivia's state oil company, Yacimientos Petrolí­feros Fiscales Bolivianos (YPFB). The scandal, one of the worst to afflict the government since Morales took office three years ago, has already seen the departure of the YPFB president, Santos Ramí­rez, a close ally of the President. The nationalisation process, a key provision of the new constitution, will now be subjected to even greater scrutiny.

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