Economy & Business - October-November 2012 (ISSN 1741-7430)

In October the left-wing government led by President Evo Morales finally sold US$500m in ten-year bonds – the first such issuance since the 1920s. The government was quick to trumpet the move as a sign of continued confidence in its prudent macroeconomic policies despite recent nationalisations, such as the take-over in May 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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