ANNOUNCEMENT 01 May 2010

In May 2010, the government of Bolivia announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



World Investment Report 2010 - http://www.unctad.org/en/docs/wir2010ch3_en.pdf
http://www.reuters.com/article/idUSTRE64013020100501
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/01/AR2010050102858.html


Inception date: 01 May 2010 | Removal date: open ended

FDI: Treatment and operations, nes

Further strengthening its control of so-called strategic industries, the Government of Bolivia nationalized four electricity companies controlled by investors from Bolivia, France, the United Kingdom and . Namely,

  • Corani (50% owned by French GDF Suez),
  • Guaracachi (50% owned by British Rurelec PLC),
  • Valle Hermoso (privately held by Bolivian Generating Group)
  • ELFEC (owned by Bolivian Comteco)

 were nationalised to "recover the energy, the light for all Bolivians" (President Evo Morales). 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A