The Illusion of Bolivia’s Companies Cover Up Real Financial Plight

Bolivian state companies' debt long exceeds $18 billion according to reports from internal authorities.

Bolivia is an emerging economy that depends on Liquified Natural Gas (LNG) exports to neighboring countries.

Bolivia occupies a low place in the ranking of economic freedom. Its GDP grew by 2.9% last year with a contraction of 7.9% due to the pandemic. The World Bank estimates that 35% of the population still lives in poverty.

Bolivia accords priority to local funds over foreign investment and has low ratings on integrity, property rights, and judicial effectiveness.

Despite this, the government implemented a legal framework for public investment through state companies numbering over 45.

Bolivian recipe

Since 2006, the government increased economic interventionism ...

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