Back

Andean Group - May 2012 (ISSN 1741-4466)

BOLIVIA: Morales nationalises again

True to tradition, President Evo Morales marked International Workers’ Day on 1 May with another nationalisation; this time, his Movimiento al Socialismo (MAS) government took over Bolivia’s electricity transmission company, Transportadora de Electricidad (TDE), seizing control from Red Eléctrica Internacional SAU, a subsidiary of Spain’s Red Eléctrica Española (REE). While in line with Morales’s pledge to strengthen state control over the economy, a fundamental tenet of his 2009 plurinational constitution, the latest nationalisation nonetheless comes amid other efforts by his government to reassure foreign investors.

End of preview - This article contains approximately 1376 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.