Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
BOLIVIA: Results of a new economic model Ministry of ECONOMY AND PUBLIC FINANCE PLURINATIONAL STATE OF BOLIVIA www.economiayfinanzas.gob.bo BOLIVIA: NEW ECONOMIC MODEL RESULTS VENEZUELA General date of the country COLOMBIA ECUADOR BRAZIL Surface 1.098.581 km² Population 10,6 million Capital Sucre Headquarters of Government La Paz Official languages Spanish and 36 languages of the nations and towns indigenous original farmer Currency Boliviano PIB Nominal USD24.252 million (2011e) PIB Per cápita USD2.283 (2011e) (e) Estimate PERÚ PARAGUAY CHILE PA CI FI C O CE A N BOLIVIA 2 N AT LA URUGUAY TI C O CE A N ARGENTINA MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA PRESENTATION Bolivia, a country of encounter, change and development Bolivia is a synonym for integration, natural exuberance, variety of climates, multiculturalism, multilingualism, tradition- innovation, economic strength, as well as social and political important transformation. Bolivia is bordered by Brazil, Paraguay, Argentina, Chile and Peru. From its privileged position in the centre of South America its integrative quality comes out for the current South American emerging economies of the Atlantic and the Pacific oceans. Bolivia is a land of encounter, confluence of people and cultures of the Altiplano plateau, the Amazon, the valleys and the Plata Basin. In the course of its history, it has received emigration from Europe and Asia, and retains a significant core of African descendants. These human groups form a heterogeneous and peaceful community of more than 10.000.000 people who work in the construction of a democratic society and who are sure of their significant role in sub regional integration. Natural wealth Bolivia covers an area of 1.098.581 square kilometers, stretching from the wooded Amazonian territories in the north to its tropical savanna latitudes in the far south, and from the impressive heights of the Andes to the western plains of Chiquitos. In the midst of this impressive diversity are other ecosystems as the central valleys of Cochabamba, Chuquisaca and Tarija, the sub tropical Yungas of La Paz and the western marshy lands, known as “El Pantanal” With this privileged location in the centre of the Southern Cone, Bolivia enjoys different climates which vary from the intense cold in the Andes mountains to the tropical heat in the Amazon region, passing through warm temperatures in the valleys. These geographical areas offer unique natural exuberance on South America, allowing the cultivation of plenty of fruits, grains, tubers, and other agricultural products. At the same time, they favor the development of livestock, swine, sheep, alpaca, fish breeding, poultry, 3 BOLIVIA: NEW ECONOMIC MODEL RESULTS other species breeding like caiman, hunting, fishing, and other economic activities as forestry and non-cultivated chestnut. Extractive activities are also pillars of the national economy encompassing oil, natural gas and minerals such as tin, silver, gold, zinc, borax, copper, bismuth, lithium as well as gemstones such like Bolivianita and a great iron ore-deposit called Mutún. Public investment and GDP growth Along with the willingness of integration of Bolivian people, the Plurinational State of Bolivia recognizes respects and protects the private initiative that contributes to economic and social development aiming at strengthening the economic independence of the country. The legal framework for economic activities translates in the free exercise of business activities and the creation of a favorable climate for investment. These premises are included in the Constitution of the State (CPE), passed by President Evo Morales in February 2009, following a referendum in January of the same year and a Constituent Assembly that drafted such Constitution between 2006 and 2007. The Constitution protects the modes of production such as communitarian, cooperative, private and social; it also encourages the active participation of the State in the economy through enhancing public investment. In 2012 public investment will reach the USD3.461 million. Recently fiscal resources impacted favorably on the national economy so as to successfully overcome the adverse effects of the 2008-09 acute international financial crisis and that still persist. In addition to public investment during the past six years, other governmental measures were taken aimed to improve the macroeconomic policy and public finance administration as part of strengthening the new economic model adopted since 2006. The implementation of these measures has led to positive macroeconomic indicators that can be appreciated in the consecutive fiscal surplus achieved in 2011 (0,8%), 2010 (1,7%), 2009 (0,1%), 2008 (3,2%), 2007 (1,7%), 2006 (4,5%); and the growth of the gross domestic product (GDP) of 5,17% (2011), 4,13% (2010), 3,36% (2009), 6,15% (2008), 4,56% (2007) and 4,80% (2006). 4 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA Increasing domestic demand Bolivia continues to advance steadily on the policy of stimulating the growth of domestic demand, which in 2011 had an incidence of 3,32% out of 5,17% growth rate. If domestic demand continues in such pace, it will enable Bolivia to rely much less on the external demand. In the same vein, consumption of domestic services in 2011 such as water, household gas and electricity grew by 8%, which signals an improvement in the quality of life for Bolivians and the enhancing of basic infrastructure of the country. The growth in demand for basic services goes along with the trend of income per-capita which in 2005 was USD1.010 while in 2011 reached USD2.238. No doubt that with this increase the capacity of saving has raised and the use of the banking system has deepened. As an indicator, at present exist 6,0 millions counts in financial system deposits. On the other hand, from 2005 to 2011 Bolivia experienced an unprecedented increase in the net international reserves (NIR), which grew from USD1.714 million to more than USD13.000 million in august of 2012. Income redistribution, social transfers, and poverty reduction Thanks to the adequate public resources administration and appropriate macroeconomic measures, the government has been able to create social programs to targeted sectors of the population which allow redistributing part of tax revenues among the neediest sectors. For instance, 2011 the “Juancito Pinto” conditional cash transfer reached 1.688.268 students from first to eighth grade of primary public schools. Another conditional cash transfer called “Juana Azurduy” until july 2012 benefited 290.910 pregment women and 426.372 children, as well as “Renta Dignidad” –a non-conditional transfer for the elderly- reached 935.261 people. The redistribution of the economic surplus impacted favorably on the reduction of extreme poverty from 38,2% (2005) to 24,3% (2011). Another example of the Government’s social policy is the increase of 61% on the salary of teachers and health workers between 2006 and 2012, while the national minimum wage was raised from Bs440 in 2005 to Bs1.000 in 2012. In six years in office, the Government succeeded in other important economic and social achievements without neglecting the fundamental task of building a productive apparatus to industrialize the natural 5 BOLIVIA: NEW ECONOMIC MODEL RESULTS resources and offer value-added goods to the international market and providing the Bolivian people formal jobs with better pay. In this period the State reached a healthy fiscal solvency, enough to cover recurrent expenses such as wages and transfers as well as amortizations with tax income and without resorting to the negotiation of external loans unlike pre-2006 government administrations. This policy reflects one of the new approach of the Bolivian macroeconomic policy that aims to consolidate the sustainability of public finances by expanding the tax base and consequently increasing tax receipts. In 2005 tax collection was USD1.963 million and it grew to USD4.369 million in 2010 and in 2011 to around USD5.924 million. The public debt experienced a favorable turn to the Bolivia, because now 55% of the public debt has a maturity between 11 and 30 years, while the remaining 19%, has a maturity of more than 31 years. Moreover, in light of enhanced solvency and fiscal surpluses in the last six years, Bolivia reduced its debt burden to the lowest in the region with a level of only 32% of GDP, which stands significantly below Brazil’s, (65% to GDP); and United States’ (more than 100% of GDP). Additionally, the external environment has made the trade balance becoming favorable to Bolivia. In fact, in 2005 Bolivia exported USD2.867 million and in 2011 exports amounted USD9.000 million, outpacing imports, which were USD7.673 million in the last year. This trend is certainly positive and signals a stable outlook in the external balance. The Government achieved these successes in a democratic and conducive climate for foreign and domestic investment, with active participation and inclusion of the people and showing transparency to the international community, which can certainly attest about these efforts. 6 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA ECONOMIC FUNDAMENTALS Improving Credit Risk Profile Consistent Macroeconomical and Social Achivements Strong Financial System PLURINATIONAL STATE OF BOLIVIA Decreasing Dependence on External Debt Track Record on Fiscal Prudence 7 BOLIVIA: NEW ECONOMIC MODEL RESULTS Sustained growth of the Bolivian economy, despite international economic crisis GDP per capita nearly doubled between 2005 and 2011: Bolivia is no longer a low income country and it has been declared a middle income country starting from 2010 Real GDP growth, 2005 - 2012 GDP per capita, 2005 – 2011 (In percentage) (In USD) Real GDP growth, 1985 - 2010 (p) (In percentage) Domestic demand as engine of economic growth Incidence of domestic and external demand in real GDP growth, 2000 – 1er. Trim. 2012 (In percentage) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1er. Trim. 8 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA International reserves increased sevenfold between 2005 and February 2012; the highest level in the region as percentage of GDP Central Bank’s net international reserves, 2005 – August 2012 International reserves in percentage of GDP, August 2012 (In percentage) (In USD million) (August) For the sixth consecutive year, Bolivia shows a fiscal surplus, which reflects the prudent management of public accounts Record level in public investment, more than tripling 2005’s level Fiscal balance, 2005 – 2012 (p) Public investment, 2005 – 2011 (p) (In percentage of GDP) (In USD million) 43% 2005 (p) preliminary 2006 2007 2008 2009 2010 2011 2012 June (p) preliminary 9 BOLIVIA: NEW ECONOMIC MODEL RESULTS Financial system soundness: Deposits and Loans on the rise De-dollarization: 77% of loans and 68% of deposits are nominated in local currency Financial system deposits, 2005 – July 2012 Financial system loans, 2005 – July 2012 (In USD million) (In USD million) De-dollarization of the financial system: Deposits and loans 1995 - July 2012 (In percentage) 10 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA Public debt / GDP (32%), which is below the international standards set and one of the lowest rates in the region Public debt as percentage of GDP, 2012 (p) (In percentage) 100% Mastricht (60%) CAN (50%) MERCOSUR (40%) Ecuador Perú Bolivia Colombia Argentina Venezuela Brasil Alemania España R. Unido Francia EE.UU. Portugal Italia Grecia Source: IFM: World Economic Outlook Database, April 2012 (p) Projections National Treasury (TGN) Debt as percentage of GDP, 2000 - Jun. 2012 Foreign loans contracted by National Treasury according to economic sector, 2006 – Jun. 2012 (In percentage) (In percentage) Others Basic Services Energy Agricultural Comunications 3% 3% 9% 3% 5% 24% Several Sectors 11 53% Transportation BOLIVIA: NEW ECONOMIC MODEL RESULTS National Treasury (TGN) Públic Debt TGN stock external debt, 2001-2012(p) TGN stock domestic debt, 2000-2012(p) (In USD Millions) (In Bs Millions) (p) preliminary (p) preliminary Standard & Poor´s Improving Credit Risk Profile: Standard & Poor’s, Moody’s y Fitch Ratings B- negativo 20-oct-03 B positivo 6-may-10 B+ estable B+ BB- positivo estable Moody´s B2 B3 19-may-11 22-ago-11 18-may-12 16-apr-03 Fitch Ratings B17-mar-04 B+ B 8-sep-09 12 estable positivo estable 7-oct-10 B+ 18-oct-11 estable 28-sep-09 B1 2-dec-10 Ba3 8-jun-12 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA SOCIAL AND ECONOMIC DEVELOPMENT 13 BOLIVIA: NEW ECONOMIC MODEL RESULTS Three out of ten Bolivians have benefited from conditional cash transfers (Juancito Pinto Transfer, Juana Azurduy bond and Renta Dignidad) Beneficiaries from conditional cash transfers To 2011 (p) (In percentage) Juancito Pinto Bond 1.688.268 beneficiaries (2011) 15,9% 8,6% 68,9% Rest of the population 6,6% Renta Dignidad 935.261 beneficiaries (Ago. 2012) 31,2% of the Bolivian population 3.340.811 beneficiaries Juana Azurduy Bond 717.282 beneficiaries (Mar. 2012) (p) Preliminary Poverty reduction: Between 2005 and 2011 more than 500.000 Bolivians got out of moderate poverty Poverty rate, 2005 – 2011 (e) (In percentage) MODERATE 2005 2011(e) Variation National 60,6 48,5 -12,1 Urban 51,1 40,5 -10,6 Rural 77,6 64,2 -13,4 EXTREME 2005 2011(e) Variation National 38,2 24,3 -13,8 Urban 24,3 14,5 -9,8 Rural 62,9 43,5 -19,4 (e) Estimate 14 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA New Pension Law: Universal, with solidarity, equitable and sustainable retirement system Long-term social security regime Pension Law: Social security for Bolivians Law 1732 (Old law) Parameters Law 065 (New law effective from 2010) Retirement age 65 years 58 years Groups with special retirement conditions None Women and miners Salary of reference last 60 salaries Last 24 salaries Employer contribution None 3% allocated to the Solidarity Fund Solidarity Pension None Bs476 with 10 year contribution and up to Bs2.600 with 35-year contribution Financing Individual accounts Individual accounts and solidarity fund Management Private Pension Fund Administrators (AFP’s) Public Administrator 15 BOLIVIA: NEW ECONOMIC MODEL RESULTS Bolivia is free from illiteracy: In December 2008, Bolivia was declared the third country in Latin America as free from illiteracy Illiteracy rate, 2005 - 2008 POST-LITERACY NATIONAL PROGRAMS “Yo Si Puedo Seguir”, 2009-2011 (In percentage) (In number of beneficiaries) Year Beneficiaries Topic 2009 136.672 Registered participants 2010 173.829 Of which 30.834 graduated to 2nd scholarship level 2011 149.525 Of which 26.054 graduated to 2nd scholarship level and 5.965 to 3rd. scholarship level, that they continued the university studies. 2012 154.302 To June UN threshold High school diplomas distributed, 2011 Total 170.000 Since December 2008 students who have completed studies in public and private schools are exempt from paying high school diploma processing costs (e) Estimate 16 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA Minimum wage increases: 88% nominal wage and 41% real wage Improving the purchasing power of workers’ salaries NOMINAL WAGE, 1999 – 2012 REAL WAGE, 1999 – 2012 (In percentage) (In percentage) ACCUMULATED Lower unemployment rate: Result from economic dynamism and employment policy ACCUMULATED Unemployment rate, 2000 – 2011 (e) (In percentage) 17 BOLIVIA: NEW ECONOMIC MODEL RESULTS The “Bolivia Cambia, Evo Cumple” program funded 3.913 projects mainly in education, sports infrastructure, communal equipment and basic services “Bolivia Cambia, Evo Cumple” Program Projects, accumulated 2006 – 2011 Total: 3.913 projects “Bolivia Cambia, Evo Cumple” Program Disbursements, accumulated 2006 – 2011 (In USD million) Total: USD367 millions 18 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA PRODUCTIVE REVOLUTION 19 BOLIVIA: NEW ECONOMIC MODEL RESULTS Productive Revolution Law Empresa de Apoyo a la Producción de Alimentos (EMAPA): Contribution to food security; more than 24.000 small farmers have benefited from support for rice, soybean, corn and wheat cultivation Production loans & employment generated by BDP financing: More than USD200 million in loans and 540.000 jobs The Productive Revolution Law aims to achieve food sovereignty, and sets: • State involvement as food on a large scale producer. • The creation of the Universal Agricultural Insurance “Pachamama” to ensure agricultural production affected by weather and natural disasters. • Business creation to support the production of seeds, compost and fertilizers. Cultivated superface, accumulated 2007 - winter 2012 Collection, accumulated 2007 - winter 2012 (Hectares) (Tonnes) Wheat 16,9% Between 2007 and 2011 EMAPA supported 285.142 hectares of rice, wheat, corn and soybean Rice 29,6% soybean 28,3% Corn Rice Wheat 20,0% 28,6% soybean 19,6% 25,2% Total: 351.644 hectares Corn 31,8% Total: 884.000 tonnes Banco de Desarrollo Productivo (BDP) loans by sector Generation and sustainability of employment (In USD million) (In number of jobs) Accumulated June 2007-July 2012: USD203 millions 20 Accumulated June 2007 - March 2012: 542.007 jobs (direct and indirect) MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA Other tax measures Other tax measures to support domestic production and social development USD16,2 million in loans are covered by Guarantee Propyme Union Fund Tax game and tax participation in games • Between March 2011 and June 2012, USD2,96 million were collected from tax game and tax participatión in games. Additional aliquot of alcoholic beverages • Between January 2011 and June 2012, USD9,9 million were collected from this concept. • Tax rate of 35% on imports of synthetic textiles and clothing to support the domestic production. • Tax increase on alcoholic beverages. Proceeds are directed to infrastructure projects and sport facilities. • Import tax reduction on computer equipment and appliances to promote broader access to technology and education. • Incentive for Bolivian citizens living abroad to returning home: Exemption of import duties up to USD50.000 for tools and machinery used while working abroad. • Tariff deferral for agricultural machinery, equipment and input imports for five years, under the Productive Revolution Law Credits under the Propyme Union Fund coverage Accum. March 2010 – July 2012 (In USD million) 55% 45% Warranty coverage Amount of credits: USD21,2 million 421 beneficiaries 21 BOLIVIA: NEW ECONOMIC MODEL RESULTS Customs Act: Antismuggling enforcement Import duties, Average August – December, 2007 – 2011 (p) (In USD million) 27% Hardened penalties: • Doubling years imprisonment for customs and smuggling crimes • Penalty is increased if the crime is committed by a public official (a half) (p) preliminary Border development law : Promotion and regulation of industrial area’s operations and activities Revenues, 2010-2011 (In USD million) There are 9 duty free zones in 2011 Differentiated collection from duty free zone’s: • 20% of the gross income in commercials free zones • 5% in industrial free zones Apr. 2010 - Jun 2012 Comercial-Industrial duty free zones 22 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA SERVICES 23 BOLIVIA: NEW ECONOMIC MODEL RESULTS Tarifa Dignidad: Lower charge for electric energy More than 880.000 beneficiaries, around 50% of users Consumers and beneficiaries, average January – July 2012 Accumulated discounts, 2006 – ene/jul 2012 (In USD million) (In number of users) 45,6 Beneficiaries percent: 50% Objective: To promote access to electricity service for low income households, through 25% discount to households whose monthly consumption is less than 70 kWh in urban areas, and 30 kWh in rural areas. Consumption of basic services increased 43% between 2005 and 2011. Electricity users reached to 1,6 million and water users to 0,7 million Electricity, water and gas consumption index 2001 – 2011 (p) 7,9 7,1 6,5 5,9 6,2 5,5 3,8 3,6 3,0 1,4 0,6 212 220 224 230 244 (p) preliminary 24 260 274 284 301 323 348 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA Lower charges on gas consumption – Expanded coverage Boliviana de Aviación (BoA), the national airline company: Lower tariffs, better service Gas consumption cost (In USD) Participation in the local airline market, January-March 2012 (In percentage and number of passengers) 71,6% Greater coverage in mobile telephone service and internet service with ENTEL nationalization Consumption Domiciliary of LPG (In number of cylinders) Cost of cylinders (in USD) 1 2 3 3,2 6,4 9,6 Domiciliary Gas Cost of Savings over domiciliary gas consumption (Equivalent to of LPG cylinders) (in USD) 2,1 1,1 3,6 2,8 5,3 4,3 17,8% 7,5% 3,1% Phone base stations Internet base stations Regional Coverage Coverage in municipalities Beni Chuquisaca 97% Cochabamba 96% La Paz 98% Oruro 100% Pando 87% Potosí 95% Santa Cruz 98% Tarija 25 100% 100% BOLIVIA: NEW ECONOMIC MODEL RESULTS Contacs INSTITUTION Presidency of the Plurinational State Vice President Ministry of Presidency Ministry of Autonomy Ministry of Government Ministry of Defense State Attorney General Ministry of Development Planning Ministry of Economy and Public Finance Ministry of Hydrocarbons and Power Ministry of Productive Development and Plural Economy Ministry of Public Works, Public Utilities y Housing Ministry of Mining and Metallurgy Ministry of Justice Ministry of Labor, Employment and Social Welfare Ministry of Health and Sport Ministry of Environment and Water Ministry of Education Ministry of Rural Development and Lands Ministry of Cultures Ministry of Institutional Accountability and Anti Corruption Ministry of Foreign Affairs EXECUTIVE BRANCH TELEPHONE - FAX +(591-2) 2202321 - 2153845 - 2153829 2142000 - 2201211 2153866 - 2153870 2110927 - 2113613 2120003 - 2442125 2432525 - 2433159 2118455 - 2118454 - 2118456 2310793 - 2116000 - 2312641 2203434 - 2359955 2391354 - 2113853 - 2141307 2129213 - 2124935 - 2129211 2156602 - 2156600 - 2156620 2310846 - 2391241 2158101 - 2158900 - 2158921 2406788 - 2408575 - 2409578 2460554 - 2371379 - 2492900 2115571 - 2116583 - 2152346 2442145 - 2442144 - 2440376 2113013 - 2414570 2120073 - 2200946 - 2202628 2115773 - 2153084 2408900 - 2408642 WEB PAGE www.presidencia.gob.bo www.vicepresidencia.gob.bo www.presidencia.gob.bo www.autonomia.gob.bo www.mingobierno.gob.bo www.mindef.gob.bo www.planificacion.gob.bo www.economiayfinanzas.gob.bo www.hidrocarburos.gob.bo www.produccion.gob.bo www.oopp.gob.bo www.mineria.gob.bo www.justicia.gob.bo www.mintrabajo.gob.bo www.sns.gob.bo www.mmaya.gob.bo www.minedu.gob.bo www.agrobolivia.gob.bo www.minculturas.gob.bo www.transparencia.gob.bo www.rree.gob.bo LEGISLATIVE BRANCH / OTHER PUBLIC INSTITUTIONS / CHAMBERS / JUDICIAL BRANCH INSTITUTION TELEPHONE - FAX +(591-2) WEB PAGE Chamber Representatives 2144003 - 2144602 www.diputados.bo Chamber Senators 2143003 - 2143006 www.senado.bo Supreme Court of Justice 6451883 www.poderjudicial.gob.bo Council Judicature 6461600 www.poderjudicial.gob.bo General Controllership of the State 2201414 - 2000861 www.cge.gob.bo National Rent Service 2204411 - 2203572 www.impuestos.gob.bo National Cuestom Service 2128008 - 2152904 www.aduana.gob.bo Bolivian Private Entrepreneurs Confederation 2420999 - 2421272 www.cepb.org.bo National Chamber of Commerce 2378606 - 2391004 www.boliviacomercio.org.bo National Chamber of Construction 2423134 - 2423134 www.caboco.org.bo National Chamber of Bolivian Exportes 2443529 - 2441491 www.caneb.org.bo National Chamber of Industry 2374477 - 2362766 www.bolivia-industry.com National Chamber Industry and Commerce 3334555 - 3342353 www.cainco.org.bo It Promotes Bolivia 2336886 - 2336996 www.promueve.gob.bo 26 MINISTRY OF ECONOMY AND PUBLIC FINANCE OF BOLIVIA REGIONS La Paz Oruro Cochabamba Santa Cruz Potosí Tarija Chuquisaca Beni Pando DEPARTAMENTAL STATES TELEPHONE - FAX +(591-2) 2203535 - 2204182 5256330 - 5112090 4298890 - 4519102 3636000 - 3332770 6229292 - 6227268 6642103 - 6672412 6453105 - 6452566 4621305 - 4621983 8422243 - 8422229 WEB PAGE www.gobernacionlapaz.gob.bo www.oruro.gob.bo www.cochabamba.bo www.santacruz.gob.bo www.potosi.gob.bo www.tarija.gob.bo www.chuquisaca.gob.bo [email protected] www.pando.gob.bo SUPERINTENDENCES / BANKS AND BANKING SYSTEM / HYDROCARBONS / STRATEGIC ENTERPRISES INSTITUTION TELEPHONE - FAX +(591-2) WEB PAGE Authority of Control of the Financial System - ASFI 2431919 - 2430028 www.asfi.gob.bo Authority of Audit and Social Control of Pensions 2331212 - 2312223 www.aps.gob.bo Authority General of Tax Objection 2412048 - 2412789 www.ait.gob.bo Authority of Audit and Social Control of Enterprises 2150000 - 2152118 www.autoridadempresas.gob.bo National Agency of Hydrocarbons 2434000 - 2434007 www.anh.gob.bo Authority of Audit and Social Control of Telecom. and Transp. 2772266 www.att.gob.bo Directorate General of Civil Services 2441811 - 2117037 www.dgsc.gob.bo Authority of Potable Water and Basic Sanitation 2310801 - 2310554 www.aaps.gob.bo Authority of Audit and Social Control of Electric Power 2312401 - 2312393 www.ae.gob.bo Authority of Audit and Social Control of Forests and Land 2333117 - 2333338 www.abt.gob.bo Central Bank of Bolivia 2409090 - 2406598 www.bcb.gob.bo Bank Unión 2171717 www.bancounion.com.bo Association of Private Banks of Bolivia –ASOBAN 2376164 - 2391093 www.asoban.bo Association of Financial Entities focused in Micro-financing –Asofin 2430080 - 2430124 www.asofinbolivia.com Yacimientos Petrolíferos Fiscales Bolivianos 2370210 - 2373375 www.ypfb.gob.bo Empresa Petrolera YPFB – Chaco S.A. 3453700 - 3663150 www.ypfbchaco.com.bo YPFB Andina 3713000 - 3713075 www.ypfb-andina.com.bo YPFB Transporte S.A. 3566000 - 3566069 www.ypfbtransporte.com Bank of Productive Development 2157171 www.bdp.com.bo Boliviana de Aviación –BOA 2140873 www.boa.bo Food Producction Support Enterprise -EMAPA 2115500 www.produccion.gob.bo/content/emapa Lácteosbol www.produccion.gob.bo/content/lacteosbol Empresa Nacional de Telecomunicaciones – ENTEL 2141010 www.entel.bo ENDE Empresa Nacional de Electricidad 4520317 - 4520318 www.ende.bo Mining Corporation of Bolivia - COMIBOL 2682100 - 2357979 www.comibol.gob.bo CREDITS: Elaborated: Ministry of Economy and Public Finances, Fiscal Analysis Network (RAF) Photos: Bolivian Information Agency (ABI), Ministry of Economy and Public Finances Source: Ministry of Economy and Public Finances, Ministry of the Presidency, UPRE, Ministry of Education, Ministry of Health, Central Bank of Bolivia (BCB) and central banks of each country, National Statistic Institute (INE), Viceministry of Public Investment and External Financing (VIPFE) and Ministry of Development Planning, Financial System Supervisory Authority (ASFI), SAFI Unión, Social Control Authority of Electricity, EMAPA, Oil Fields Fiscal Bolivians (YPFB), ENTEL Maps: Military Geographical Institute 27 OCÉANO PACÍFICO ESTADO PLURINACIONAL DE BOLIVIA 28 OCÉANO PACÍFICO ESTADO PLURINACIONAL DE BOLIVIA 29