Political Stability: President Evo Morales began his third term in office as Bolivia’s president on January 22nd.
Rising Economy: GDP grew at an annual average rate of 5% in 2006-13. Last year Bolivia was the fastest-growing economy in South America.
International Support: World Bank is supporting 12 investment projects totalling US$ 495 million. This fiscal year, two new operations for US$ 350 million will be approved.
Strong investment in Infrastructures: Latin America is investing roughly 3% of GDP (Gross Domestic Product) overall average, and last year Bolivia has invested as 4.5%
Location: Bolivia is located in the heart of South America. As a result, for most landlocked countries transportation infrastructure plays a crucial part in facilitating intraregional trade.
Infrastructure Opportunities | Topics to be Covered
In 2014 Bolivia spent US$4.51bn or 99.7% of its 2014 public investment budget last year.
This year the government forecast $6.2 bn, in which 40% (US$2.5bn) will be spent in in infrastructure projects, helping to keep the growth rate above 4%.
Major infrastructures on agenda such as the Central Corridor of Bolivia, which would allow trade between Bolivia, Peru and Brazil through a 4000 km railway.