ANNOUNCEMENT 03 Dec 2010

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 10 Dec 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On December 3, 2010, the Bolivian Congress approved a bill to nationalise the country's pension system (Law 065, Ley de Pensiones). After its privatisation in 1997, the system was run by two foreign companies: AFP Futuro de Bolivia, which is part of the Zurich Financial group, and BBVA Previsión AFP, a unit of Spain's banking giant Banco Bilbao Vizcaya Argentaria. Assets of the pension system nationalised are estimated to amount USD 3 billion.
 
The law came into force on December 10, 2010.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A