Advanced Search

LatinNews Daily - 01 April 2019

In brief: Bolivia

* Following a three day visit to Bolivia by India’s President Ram Nath Kovind, Bolivia’s President Evo Morales has revealed that India plans to invest US$13bn in the Bolivian hydrocarbon sector. According to Abi, Bolivia’s state news agency, during the visit the two presidents signed an eight-point agreement regarding future cooperation on hydrocarbons, lithium, and health. The agreement will pave the way for the 40 evaporite mineral plants that President Morales plans to build before 2030, as well as allowing US$100m credit from India to be invested into Bolivian anti-cancer drugs production in order to eliminate import duties and reduce pharmaceuticals costs by up to 80%.