Government Wants to Take Over Foreign Investment
Evo just bullied EBX, apparently, to gain control of it. In an interview with Brazilian newspaper O Globo, EBX President Batista said that the Bolivian government is sending signals that they would be allowed to stay if and only if they were to accept the government taking over 51% of the project. EBX is not interested in caving to Evo's wishes, though. They'd rather leave the country.
Is there any surprise as to why FDI is virtually disappearing from Bolivia?
Lost Opportunity: EBX was going to invest $330 million in total, and already invested $148 million. According to them, this project would have generated 6000 jobs, although a letter to the government reduces this figure to 3500.
Bolivia, Bolivien, Evo, Evo Morales