ANNOUNCEMENT 23 Jan 2009

In January 2009, the government of Bolivia announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Jan 2009 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On January 23, 2009, the Bolivian President Evo Morales issued a decree (Supreme Decree No 29888) to nationalise Chaco, an energy company owned by Pan American Energy and by the Bolivian pension fund, each with a 50 per cent stake. Pan American Energy is partly owned by the British oil company BP (60 per cent) and by the Argentinian company Bridas Corporation (40 per cent).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A