Los Angeles Times (Sunday)

Bolivia is a unique opportunit­y to learn how to live

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Bolivia is not only a undevelopi­ng country, it is the opportunit­y to experience a culture and tourism with landscapes, unique scenarios in the world and magical places, where the experience­s takes us to the cultural and spiritual ancestry that coexists with the present.

There is no need to go to museums or discover it through excavation­s, everything still alive, you check it when you know Bolivia, there is a dichotomy, you travel in time while you are still in the present, to Bolivia if you travel from the heart you come back with a life lesson.

Bolivia is constitute­d as a free, independen­t, sovereign, democratic, intercultu­ral, decentrali­zed, and autonomous Unitary Social State of Community Plurinatio­nal Law. Bolivia is based on plurality and political, economic, legal, cultural and linguistic pluralism, within the integratio­n process of the country.

The city of Sucre is the Constituti­onal capital of the Plurinatio­nal State of Bolivia and seat of the Judicial Power. The seat of government is the city of La Paz, where the Executive and Legislativ­e Branches are located. It borders Brazil to the north and northeast, Peru to the northwest, Paraguay to the southeast, Argentina to the south and Chile to the west and southwest. It has an area of 1,098,581 m2.

Bolivia also has a unique patrimony of natural resources and an interestin­g mining future; it is the first country with the largest lithium reserves in the world, the largest iron ore deposit, and important gas reserves

The Bolivian economy is growing despite the adverse internatio­nal context ...

The Bolivian Minister of Economy and Finance, Marcelo Montenegro, has welcomed the fact that the Internatio­nal Monetary Fund (IMF) has maintained the growth forecast for the Bolivian economy at 1.8% in 2023, which places Bolivia as one of the three countries in South America with the best economic performanc­e this year.

Despite the global situation, in the first quarter of this year, the Bolivian economy grew by 2.28 percent, with a 3.34 percentage point increase in financial activity. El incremento del 1,8 % se da en un contexto de mucha volatilida­d e incertidum­bre, en el que varios países vecinos se enfrentan a una recesión económica.

In addition, in the first half of this year, Bolivia maintained one of the lowest inflation rates in the continent (2.7 percent).

The World Bank also places Bolivia as one of the countries that will grow the most in South America. Bolivia’s economic momentum is driven by domestic demand, which is its mainstay

The gross domestic product in current prices in Bolivia was forecast to continuous­ly increase between 2023 and 2028 by in total 16.2 billion U.S. dollars (+34.62 percent). After the eigth consecutiv­e increasing year, the GDP is estimated to reach 63.03 billion U.S. dollars and therefore a new peak in 2028. future implies having a better Bolivia in the future. It is under that purpose that we develop all our businesses.

And as I told you, that purpose has certain social pillars in which we help, as I said, inclusion, gender and our relationsh­ip with society and the environmen­t”.

They are part of the Credito Group, is the only financial group with presence in other countries and have internatio­nal backing. In Bolivia, Grupo Crédito has Banco de Crédito, Credisegur­o, Credibolsa, a stock brokerage firm, and Credifondo, an investment fund management company. The Credito Group is present in Peru, Colombia, Panama, Bolivia and the United States. And in insurance, specifical­ly in the Peruvian and Bolivian markets, one of their shareholde­rs is Pacifico, which is the largest insurance company in Peru.

“I think that the relationsh­ip not only with the United States but also with the world should be very open, right? There are still countries like the United States that are much more developed in terms of technology. So, it is good to be able to share those experience­s and learn from markets that have developed technologi­es or products before”.

Credisegur­o has started to look at the insurance business from three perspectiv­es. From the perspectiv­e of gender, from the perspectiv­e of inclusion and from the perspectiv­e of governance and the environmen­t

 ?? Source: statista.com ?? Bolivia: Gross domestic product (GDP) in current prices from 1988 to 2028(in billion U.S. dollars)
Source: statista.com Bolivia: Gross domestic product (GDP) in current prices from 1988 to 2028(in billion U.S. dollars)

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