Political pressure groups and leaders:
Cocalero groups; indigenous organizations; labor unions; Sole
Confederation of Campesino Workers of Bolivia or CSUTCB [Roman
LOAYZA]
International organization participation:
CAN, CSN, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO
(correspondent), ITU, LAES, LAIA, Mercosur (associate), MIGA,
MINUSTAH, MONUC, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD,
UNESCO, UNIDO, UNMIL, UNMIS, UNMISET, UNOCI, UNWTO, UPU, WCL, WCO,
WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Gustavo GUZMAN Saldana
chancery: 3014 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 483-4410
FAX: [1] (202) 328-3712
consulate(s) general: Houston, Miami, New York, Oklahoma City, San
Francisco, Seattle, Washington, DC
Diplomatic representation from the US: chief of mission: Ambassador Philip S. GOLDBERG embassy: Avenida Arce 2780, La Paz mailing address: P. O. Box 425, La Paz; APO AA 34032 telephone: [591] (2) 216-8000 FAX: [591] (2) 216-8111
Flag description:
three equal horizontal bands of red (top), yellow, and green with
the coat of arms centered on the yellow band; similar to the flag of
Ghana, which has a large black five-pointed star centered in the
yellow band
Economy Bolivia
Economy - overview:
Bolivia, long one of the poorest and least developed Latin American
countries, reformed its economy after suffering a disastrous
economic crisis in the early 1980s. The reforms spurred real GDP
growth, which averaged 4% in the 1990s, and poverty rates fell.
Economic growth, however, lagged again beginning in 1999 because of
a global slowdown and homegrown factors such as political turmoil,
civil unrest, and soaring fiscal deficits, all of which hurt
investor confidence. In 2003, violent protests against the
pro-foreign investment economic policies of President SANCHEZ DE
LOZADA led to his resignation and the cancellation of plans to
export Bolivia's newly discovered natural gas reserves to large
northern hemisphere markets. In 2005, the government passed a
controversial natural gas law that imposes on the oil and gas firms
significantly higher taxes as well as new contracts that give the
state control of their operations. Bolivian officials are in the
process of implementing the law; meanwhile, foreign investors have
stopped investing and have taken the first legal steps to secure
their investments. Real GDP growth in 2003-06 - helped by increased
demand for natural gas in neighboring Brazil - was positive, but
still below the levels seen during the 1990s. Bolivia's fiscal
position has improved in recent years, but the country remains
dependent on foreign aid from multilateral lenders and foreign
governments to meet budget shortfalls. In 2005, the G8 announced a
$2 billion debt-forgiveness plan over the next few decades that
should help reduce some fiscal pressures on the government in the
near term.
GDP (purchasing power parity):
$27.21 billion (2006 est.)
GDP (official exchange rate):
$10.22 billion (2006 est.)
GDP - real growth rate:
3.3% (2006 est.)