Bolivia Expects to Compensate for Drop in Oil and Gas Revenues

Bolivia’s economy has been one of the strongest in Latin America due to its natural gas and oil reserves, but this year revenues from hydrocarbons are expected to fall by up to 40% due to the drop in international prices. That’s a loss of US$33.3 billion. Natural gas exports are the mainstay of Bolivia’s economy, making up nearly 50% of exports. Evo Morales says he will compensate for the loss by increasing domestic investment and expects a growth rate of 4.5 %. Economists have called for international reforms geared towards stabilizing prices. Dimitri O’Donnell reports for teleSUR.