In the short term, we are working with foreign companies
in the country to accelerate training. Bolivia does not require
foreign companies to hire a certain amount of Bolivian personnel, but they discover quickly the benefit of having domestic
employees working for them.
In recent years, the oil and energy sector has been
severely affected, making companies more cautious when
selecting a country to invest in. What would you tell the
readers of Oil & Gas Financial Journal about Bolivia?
GARCÍA LINERA: In these times of uncertainty, Bolivia is the
ideal place to invest because it has sustainable economic growth,
clear laws, secured markets, and political and social stability.
There are very few countries with such characteristics in the
continent, and our country is one of them. Bolivia represents
profitability, stability, and predictability, putting us in an enviable
position at a time of global uncertainty.
Thank you very much for your time today.
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The Latest News from the Oil & Gas Financial Journal!
“In the past, the regimen of property and distribution
of profits were badly proportioned, creating injustice
and political instability. Companies were able to
generate very high profits, but with great risks.
Now that we have stabilized the country, we have
created an environment that is predictable, stable,
and plannable in terms of investment and profits
for foreign companies.”