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  HOME | Bolivia

Bolivia, India to Share Wider Bilateral Ties with Eyes on Credit

NEW DELHI – Bolivia and India have agreed to cooperate on a broader agenda that includes technology and financial support across several sectors, Bolivia’s Planification Minister Rene Orellana told EFE on Thursday.

“I believe we are opening the agenda beyond just the financial, but surely financial cooperation is a core issue,” Orellana said on the last day of this three-day visit to the Indian capital.

He underlined the Bolivian government, led by President Evo Morales, is interested in attracting Indian investment and stressed on India’s program of “concessional economic cooperation with developing countries” that includes Bolivia among the nine Latin American countries.

Orellana said the next step is to take things further under this cooperation agenda in the next bilateral foreign ministry-level meet, the date for which is yet to be fixed.

He stressed Indian authorities were forthcoming during the meetings, suggesting cooperation in sectors such as pharmaceuticals, health, railways as well as technical training.

The Bolivian minister met Indian Railway Minister Suresh Prabhu and Deputy foreign Minister V.K. Singh, among others, as part of his agenda to strengthen bilateral relations.

He also met representatives from the state-owned Export Import Bank of India, as well as Indian businessmen interested in investing in diverse sectors in Bolivia, Orellana said.

The Bolivian government, under Morales, has promised to keep its foreign debt at “manageable levels” and already has among the lowest foreign debt levels in Latin America, with $6.1 billion or 17 percent of the country’s GDP.

 

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