“Fonplata wants to become a development bank “

The Governors assembly of the Financial Fund for the Development of the River Plate Basin (Fonplata) approved the modification of its charter to enable the transition from a financial fund to a development bank. The change will allow the incorporation of new partners and the establishment of strategic alliances with other development agencies and banks.

Bolivia and Brazil negotiate a new gas contract that will include the provision of electricity

Bolivia and Brazil look to renew its current gas sale contract with the addition of electricity. The current gas contract, signed in 1996, will end next year and a bilateral commision already start working on the terms of the new energy agreement, said the Brazilian ambassador in Bolivia, Raymundo Santos. Brazil is the main destiny of Bolivian gas exports.