The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.

The South American nation seeks to “strengthen international cooperation and guarantee legal certainty” through investments in key sectors such as energy, hydrocarbons, and mining.

José Luis Lupo, Minister of the Presidency, stated that these “legislative initiatives seek to provide long-term legal support for the decrees recently approved by the Executive Branch, which are aimed at boosting the economy and creating a more predictable environment for investors.”

Lupo explained that the package of laws will be sent to the Legislative Assembly for the evaluation of “projects related to international loans secured by President Rodrigo Paz Pereira from multilateral organizations such as the Development Bank of Latin America and the Caribbean (CAF) and the Inter-American Development Bank (IDB).”

He emphasized the country’s goal of “overcoming regulatory barriers, reducing bureaucracy, and strengthening the rule of law, with the aim of creating favorable conditions for investment, technology transfer, and export growth.”

M.Pino

Source: spanish.xinhuanet

(Reference image source: Artyom Korshunov on Unsplash)          

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