Arab Today, arab today bolivian president eyes 2 billion for state industries
Last Updated : GMT 03:10:28
Arab Today, arab today
Arab Today, arab today

Economic strides

Bolivian president eyes $2 billion for state industries

Arab Today, arab today

Arab Today, arab today Bolivian president eyes $2 billion for state industries

Bolivian President Evo Morales
LA PAZ - AFP

Bolivian President Evo Morales Bolivia\'s president proposed Saturday tapping the impoverished nation\'s currency reserves to invest $2 billion in as yet unspecified state industries. Saying he would seek approval of the South American country\'s voters in a referendum, President Evo Morales said: \"of the $10.6 billion in hard currency reserves, which are the savings of the Bolivian people, I would like to use about $2 billion.\"

\"I have asked myself, why not spend that money on cement factories, and on food-related industries and factories,\" Morales explained at an event in Potosi.
Morales, a close leftist ally of Venezuelan President Hugo Chavez, noted that when he took office, reserves stood were at $1.7 billion but have since risen to $10.6 billion, largely on the back of his nationalization of oil and gas related industries.

\"We are here saving and saving, and if some day those lazy guys are back in power, they will spend down our reserves again,\" Morales charged in referring to conservative rivals.
Bolivia is South America\'s poorest nation.
This week, Morales voiced interest in deeper state involvement in lithium-related industries.
On Tuesday, the president said Bolivia will produce lithium carbonate for the first time this year, in a sign his country is making some economic strides thanks to its key reserves of the mineral used in electric car batteries.
Bolivia holds an estimated 70 percent of the world\'s reserves of the mineral also used in industrial ceramics and pharmaceuticals. It is most prominently used in electric car batteries.
\"This year we are going to have lithium carbonate already, and the most important thing is that that is a first step toward industrialization,\" Morales said in Uyuni, next to the salt flats home to the minerals.
Morales is keen on having Bolivia actually produce batteries but there has been no related agreement ironed out at this stage; it would require major capital input, something Morales is courting.
Bolivia estimates that there are 100 million metric tonnes of the mineral south of the salt flats.
Lithium is widely used in rechargeable batteries for laptops, mobile phones and electric cars.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bolivian president eyes 2 billion for state industries Arab Today, arab today bolivian president eyes 2 billion for state industries

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday