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

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

In 2025, Bancamiga reaffirmed its commitment to the sustainable development of Venezuela by implementing a high-impact social investment strategy focused on innovation, education, and the well-being of communities throughout the country.

The combination of business development programs with an emphasis on technological advancements, support for healthcare, and the promotion of social and cultural initiatives positions Bancamiga as a benchmark for corporate social responsibility in the Venezuelan banking sector, according to José Simón Elarba, Chairman of the Board of Directors of Bancamiga Banco Universal.

“Just as we set the standard with our growth and leadership in the banking sector, our social management transcends traditional banking and differentiates us from other financial institutions,” he emphasized.

Programs focused on promoting entrepreneurship and business development have been the area with the greatest impact, benefiting some 5,000 people through training sessions that integrated technological trends and key elements for successful business models.

Bancamiga marked a historic milestone with its conference on Artificial Intelligence (AI) in the Ríos Reyna Hall of the Teresa Carreño Theater, featuring the participation of international experts in the new digital frontiers. This commitment to innovation extended to Global Entrepreneurship Week and the support of Technovation Girls Venezuela 2024-2025, where more than 350 teenagers designed mobile applications to solve social problems, promoting gender equality in fields such as science and technology, and engineering and mathematics.

Likewise, through the Bancamiga Publishing Fund, the “Manual for Entrepreneurs: Ten Key Questions for Starting a Business in Venezuela” was published, a resource that has garnered more than 5,000 digital downloads and 500 printed copies.

In addition, in-person and online forums were held for entrepreneurs and small and medium-sized business owners in Greater Caracas, Valencia, Porlamar, and Puerto Ordaz, according to a statement from the institution.

Sowing the future

Bancamiga understands that the country’s development begins in the classroom. Through the “Image and Word” program, 72 students from Artigas, Antímano, and Catia strengthened their literacy skills. Similarly, the bank trained 76 teachers through “Creating Ideas: Together for Venezuela,” contributing to education and using the Design Thinking methodology to support the achievement of the United Nations Sustainable Development Goals (SDGs).

The promotion of reading and the arts was ongoing thanks to the partnership with the FMM Reading Foundation, the sponsorship for the third consecutive year of the West Caracas Book Fair (UCAB), and support for El Sistema in its 50th anniversary, celebrating the country’s most emblematic social and artistic program.

Commitment to social welfare

The 2025 social management plan also embraced the most pressing causes. The bank donated radiofrequency pain management equipment, hospital beds, and multiparameter monitors for the renal disease unit at Dr. Domingo Luciani Hospital.

The spirit of solidarity was evident with the Bancamiga Volunteer team, who provided social services and food to the Comprehensive Care Center for Children and Adolescents (CAINA) in Gavilán, Miranda state.

In the sports arena, the institution continued its support for women’s soccer by backing the Capital FC Women’s Soccer Academy (ADIFFEM), benefiting 130 girls in their holistic development.

Finally, participation in the UNDP’s “Productive Venezuela” fair reaffirmed Bancamiga’s commitment to the strategic sectors that drive the national economy.

With these actions, Bancamiga not only concludes a successful year but also positions itself as a key player in the development and building of a supportive, prosperous, and innovative Venezuela.

With information and reference images provided by Bancamiga Banco Universal

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La entrada Bancamiga consolidated its social leadership in 2025 by promoting innovation, entrepreneurship, and education. apareció primero en Bitfinance.

Data on economic growth at the end of 2025, published by the Organization for Economic Co-operation and Development (OECD), places India as the Asian nation with the highest growth, starting at 5 %.

India is followed by China and Indonesia, although it surpasses them at the end of the fiscal year. Its growth is based on strong domestic demand and favorable external factors, without discounting the challenges it must face to achieve its development goals by 2047.

In the case of Latin America, the country with the highest economic growth is Argentina, according to the organization, with 4.2 %, thanks to investment and exports.

The OECD also highlights a favorable business environment, the dynamism of the mining and energy sectors, and less burdensome regulations.

M.Pino

Source: larepublica

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La entrada India recorded the highest economic growth in 2025 apareció primero en Bitfinance.

A team of economic and oil experts has developed a proposal to rescue the Venezuelan economy, according to economist Gustavo García, former professor at the Institute of Advanced Studies in Administration (IESA) and former official at the Inter-American Development Bank (IDB) and the International Monetary Fund (IMF).

The expert spoke about the initiative during the discussion “Oil Fiscal Policy and Growth for Venezuela,” held virtually by the Ideas for Venezuela Group, led by engineer Elías Matta.

The project’s main objective is “the revitalization of the oil sector by attracting private investment and implementing profound tax reform. A team of economic and oil experts has developed the project.”

“This achievement, combined with average economic growth of 10 % annually for 15 years, would allow the nation to recover its 2013 GDP level,” García stated, adding that the oil sector will be the driving force behind this growth, emphasizing “competitive advantages such as low extraction costs and an existing infrastructure that only requires repair and modernization.”

According to the economist, the goal is to achieve a production of 4 million barrels per day within 10 years. To achieve this, it is necessary to open the sector to 100 % private investment, “eliminating the mandatory partnership with PDVSA. Incentives such as accelerated depreciation and amortization are proposed as key tools for early investment recovery in a high-risk environment,” García emphasized.

On the other hand, he argued that the State should prioritize investment in human capital, “delegating operational recovery and investment in the oil sector to global private capital.”

This rescue plan for the Venezuelan economy will lay the foundation for sustained growth, the massive creation of formal employment, and the return of Venezuelan talent.

The goal is to publicly present the plan in the coming months after reaching a consensus.

M.Pino

Source: elimpulso

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La entrada Economists prepare economic recovery plan for Venezuela apareció primero en Bitfinance.

The Venezuela Productiva 2030 Business Expofair, organized by UNDP, CAF, and Cavidea, will be held at the Renaissance Hotel, in Caracas, from October 22 to 24, according to a recent announcement by Cavecom-e President Richard Ujueta.

The event aims to “highlight the importance of sustainable value chains, aligning with the Sustainable Development Goals (SDGs)” at a global level, with which the South American country seeks to align itself.

 

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It will be a meeting of representatives from the public and private sectors, SMEs, business associations, universities, and other productive sectors in Venezuela to showcase their innovative initiatives, as well as promote networking and strategic alliances, as well as productivity and competitiveness.

Ujueta will be one of the panelists at this event, which will offer business roundtables to create real alliances, a brand and innovation fair with transformative proposals, inspiring conferences with voices that drive change, and new ways to connect, collaborate, and inspire one another. It will also be the occasion for the presentation of the Venezuela Productiva 2030 National Award, which recognizes initiatives that are making a difference in the country.

M.Pino

With information from venezuelaproductiva2030.com, national media, and social media

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La entrada Venezuela Productiva 2030 will highlight the country’s alignment with the sustainable development goal apareció primero en Bitfinance.

Spain agreed with Cuba on a medium- and long-term Debt Conversion Program of up to €375 million, which will focus on economic growth, as well as social development, investment, and debt relief.

Cuban Minister of Economy, Trade, and Business Carlos Cuerpo traveled to Spain to sign the agreement. He emphasized the importance of this program to “finance sustainable development projects in key sectors such as energy, water, and food security, among others.”

Although this program between Spain and Cuba was agreed upon in 2016, it will be activated in 2025, in line with the multilateral agreement reached within the Paris Club in January.

“This measure represents a significant step in Spain’s commitment to innovative debt relief instruments that are geared toward concrete results and effective cooperation. It is also aligned with the objectives of the 4th International Conference on Financing for Development,” they stated.

It is important to note that these debt conversion programs have the primary objective of boosting economic growth and social development in developing countries “through debt forgiveness and its transformation into high-impact investment projects.”

The funds can be used to finance projects implemented by companies from both countries, and through international organizations and specialized organizations with operational experience in the country.

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La entrada Spain agrees on debt conversion program with Cuba apareció primero en Bitfinance.

A recent World Bank assessment reveals an alarming increase in extreme poverty in the 39 economies worldwide affected by conflict and instability. This situation has led to institutional fragility for decades, causing “social and economic setbacks that further distance them from the Sustainable Development Goals.”

According to the international organization’s report, over 421 million people currently live on less than $3 a day in these conflict-ridden countries, exceeding the total number of people in extreme poverty in the rest of the world combined.

The WB estimates that this figure could reach 435 million people by 2030; that is, “almost 60% of the total global population in extreme poverty” as a result of military confrontations between Russia and Ukraine, as well as in the Middle East and Africa, a continent that accounts for 70 % of people suffering the effects of conflicts.

According to the World Bank, “since 2020, the GDP per capita of these economies has fallen by an average of 1.8 % annually, while in other developing countries it grew by 2.9 %. Furthermore, their per capita income levels (USD 1,500 annually) have not improved since 2010, unlike the average of USD 6,900 in other emerging economies.”

Moreover, the infant mortality rate in these nations is double that of other regions, and life expectancy is seven years lower; “90 % of school-aged children do not achieve minimum reading levels, and acute food insecurity affects 18 % of the population, 18 times more than in stable economies.”

The organization estimates that the losses caused by these conflicts amount to up to 20 % of GDP per capita over five years. In this regard, it considers it necessary to address issues such as violence prevention and institutional fragility early on to reverse the situation and identify the hidden potential of their economies to boost their development.

M.Pino

Source: finanzasdigital

(Referential image: Markus Krisetya on Unsplash)

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Reducing the electricity bill seems to be the main goal of consumers, both at the household and business levels. Achieving this goal requires sustainable and efficient measures that have an impact on environmental conservation.

The proposal to reduce electricity consumption is not new. How can this goal be achieved? Some tips will help achieve sustainable development, cost reduction, and a better quality of life.

Easy-to-implement tips for reducing electricity consumption

• Switch to LED bulbs: LED bulbs or lamps consume at least 7% less than traditional bulbs and have a longer lifespan. Total savings could exceed 80%.
• Unplug devices after use: Devices such as phone chargers or other digital devices, as well as televisions and blenders, are some examples of devices that can be unplugged when not in use. It’s important to remember that even when they’re turned off but plugged in, they consume up to 10% of energy.
• Control air conditioning use: Sometimes, simply turning on the air conditioning to cool the space and then turning it off is enough. Opening windows for natural air circulation is another option, whenever possible.
• Turn off the lights: Light bulbs in the living room, kitchen, or bathroom should be turned off when we’re not in those spaces.
• Clean light fixtures regularly: A frequently forgotten detail is cleaning light bulbs and lamps in the home from time to time. The dust that accumulates on the surface reduces brightness, which makes people think they need a more powerful light bulb when that’s not the case.
• Make the most of natural light: Natural light is extremely healthy for the body. Opening windows, drawing curtains or blinds, and allowing sunlight to illuminate the room can significantly save energy.
• Reducing shower time: A shorter shower doesn’t mean less hygiene. Shower time can be reduced, considering that hot water requires more energy.
• Fill the washing machine to maximum capacity: Washing machines have a maximum capacity. Following this manufacturer’s recommendation will reduce the number of times the appliance is used, thereby reducing energy consumption through efficient use of the washing machine.
• Updating appliances: Today’s household appliances are designed for more efficient consumption. Updating appliances, where possible, will help reduce electricity costs.

M.Pino

With information from specialized technology media

(Main reference image: Thalysson Santos on Unsplash)

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La entrada Can energy consumption be reduced? apareció primero en Bitfinance.