Resource-rich Bolivia announced it is looking for foreign investors to develop its manufacturing and mineral extraction. It wants to raise capital by issuing its first government bond for almost 100 years. But within weeks of this announcement its radical president, Evo Morales, showed his hand by nationalising a Spanish power transmission company because he believed it had not invested enough in the country.

BOLIVIA’S radical left wing President Evo Morales is sending out mixed messages to international investors.

The Andean country, with a resource-based economy, is looking for international capital to invest in exploiting its mineral wealth, food ...

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Dr. Joseph S. Tulchin
The attempt to float a bond issue on the international market is a surprise step and out of line with Mr Morales’ publicly expressed views that Bolivia’s natural resources are Bolivian and would stay in the earth if the country could not negotiate lucrative deals with foreign investors
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