Andean Group - November 2012 (ISSN 1741-4466)

Last month Bolivia returned to global credit markets for the first time since the 1920s after the left-wing government of President Evo Morales sold US$500m worth of ten-year bonds. Morales has been quick to point to the move as a sign of the confidence in the prudent macroeconomic policies adopted by his Movimiento al Socialismo (MAS) government, despite recent nationalisations, such as the May take-over of an electricity transmission company, Transportadora de Electricidad (TDE) from Red Eléctrica Internacional SAU, a subsidiary of Spain’s Red Eléctrica Española (REE).

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