Bolivian Economic Growth, Stability
Highlighted
LA PAZ - Bolivia's National Chamber of
Commerce (CNC) highlighted on Wednesday the
country's economic growth and stability this
year, in spite of the international
financial crisis.
CNC Chair Guillermo Morales told journalists
that the business people will jointly
participate with government in developing
programs leading to achieve positive
economic results next year.
We are aware that the implementation of an
economic agenda is a priority for 2010 in
order to strengthen the productive apparatus
and create the appropriate atmosphere for
investment with legal guarantees for the
private sector, said Morales.
In his opinion, it is important to generate
polities to make the hydrocarbon sector more
dynamic and develop lithium and iron mining
and industrialization based on financial and
human resources available in Bolivia.
Assessing work carried out by CNC in 2009,
Morales noted the economic growth expected
of 3.5-4 percent based on several parameters
established by the National Institute of
Statistics.
This boom shows that the country has
withstood international financial crisis in
an internal context in which raw material
prices have remained at a good position and
the Bolivian financial market has not been
so subject to the international market.
The country's economic stability is not only
withheld by official reports, but also by
international institutions like the World
Bank or the Economic Commission for Latin
America and the Caribbean, said Morales.
He also cited an increase in Net Foreign
Exchange Reserves estimated to reach $9
billion, besides low inflation indexes
(minus 0.3 percent in November). |
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