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Latin American Economy & Business - August 2018 (ISSN 1741-7430)

Bolivia: A growing appetite for private consumption

When MegaCenter opened its doors to the public in 2010, Jordi Chaparros, president of the Spanish consortium which led the venture, proudly boasted that the project had used up enough construction materials to leave La Paz, Bolivia’s de-facto capital, without cement for a year. At 80,000 square meters, the shopping centre was the product of a US$24m investment, hailed at the time as the largest commercial infrastructure project in Bolivia’s history.

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