Place Credit Reports Bolivia Order
 |
|
|
 |
Economy Overview:
Bolivia, long one of the poorest and least developed Latin American
countries, reformed its economy after suffering a disastrous economic
crisis in the early 1980s. The reforms spurred real GDP growth, which
averaged 4% in the 1990s, and poverty rates fell. Economic growth,
however, lagged again beginning in 1999 because of a global slowdown and
homegrown factors such as political turmoil, civil unrest, and soaring
fiscal deficits, all of which hurt investor confidence. In 2003, violent
protests against the pro-foreign investment economic policies of
President SANCHEZ DE LOZADA led to his resignation and the cancellation
of plans to export Bolivia's newly discovered natural gas reserves to
large northern hemisphere markets. In 2005, the government passed a
controversial natural gas law that imposes on the oil and gas firms
significantly higher taxes as well as new contracts that give the state
control of their operations. Bolivian officials are in the process of
implementing the law; meanwhile, foreign investors have stopped
investing and have taken the first legal steps to secure their
investments. Real GDP growth in 2003-05 - helped by increased demand for
natural gas in neighboring Brazil - was positive, but still below the
levels seen during the 1990s. Bolivia's fiscal position has improved in
recent years, but the country remains dependent on foreign aid from
multilateral lenders and foreign governments to meet budget shortfalls.
In 2005, the G8 announced a $2 billion debt-forgiveness plan over the
next few decades that should help reduce some fiscal pressures on the
government in the near term.
GCS and Graydon International
Graydon International is a leading provider of business credit information around the world. Their business credit reports are easily read in English and consist of reliable and up to date details like identification and official company specifications, credit recommendations, known directors, protest and non-payments, operational details and financial data (profit and loss, balance and key credit ratios).
To see what GCS can do for you, please submit your query for a 'no obligation' free quote.
|
