Bolivia's stock of foreign reserves, which has swelled in recent years, will trend down in the coming quarters. A significant driver of this development will be the central government's programme to use reserves to finance industrialisation projects, in an effort to diversify the economy away from a growing reliance on the energy sector.
President Evo Morales signed a contract with Sports Boys Warnes in May, a professional football team based in Warnes, a city in the department of Santa Cruz, that plays in the country's premier league. Morales will earn Bolivia's minimum wage of USD213 per month, once the season commences in August. While it is unlikely that the president will play in a league game, the signing may help his...
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