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)          

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Bolivia prepares package of laws to attract investment in strategic sectors apareció primero en Bitfinance.

The future Brazilian Minister of the Presidency and current governor of the state of Bahia, Rui Costa, stated this Saturday that the government of Luiz Inácio Lula da Silva, of the Workers’ Party (PT), will be made up of 37 ministries.

This was announced by Costa himself during a press conference after meeting with the president-elect Lula da Silva, the president of the PT, Gleisi Hoffmann, and the future president of the public bank BNDES, Aloizio Mercadante, as reported by the G1 chain.

In this way, the next Executive of Brazil will have up to 14 more ministries than that of outgoing President Jair Bolsonaro, whose cabinet is made up of 23 portfolios. However, Lula da Silva’s will not be the government with the most ministers in Brazilian history, since Dilma Rousseff’s had 39.

Although so far it has not been revealed who will lead the 37 ministries that will make up the new Brazilian government, the future Minister of the Presidency has detailed the names of some of the portfolios that will be created.

For example, the current Ministry of Economy will be divided into four portfolios: Finance, Planning, Industry and Commerce, and Management and Development. Likewise, the Ministry of Infrastructure will be divided into the Ministry of Transport and the Ministry of Ports and Airports.

Costa has also announced that the future cabinet will also have the Ministry of Indigenous Peoples, another for sports and a folder for women. He has also cited the creation of the Ministry of Cities, a division of the Ministry of Regional Development, according to Folha de S.Paulo.

However, the future Minister of the Presidency has specified that the increase in the number of ministries will not imply an increase in public spending, since new positions will not be created, but rather the current secretaries of each portfolio will become ministers.

“We will expand the 23 existing ministries to 37, maintaining the same volume of positions. With this, we improve the representativeness of the different segments of society through the ministries, without implying an increase in public spending,” Costa wrote in the Twitter social network.

Source: dpa

(Photo: telam.com.ar, via web)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Lula da Silva’s cabinet will have 37 ministries apareció primero en Bitfinance.