US and Bolivia Sign Economic Strengthening Agreement
Starting today, Bolivia will join nine countries that previously signed a Memorandum of Understanding under the U.S.-led Growth in the Americas initiative aimed at supporting economic development by catalyzing private investment in infrastructure and energy projects.
The Memorandum of Understanding, signed on August 25, 2020 by Bolivian Foreign Minister Karen Longaric and U.S. Charge d’Affaires Bruce Williamson, will attract greater investment from the private sector in infrastructure and will connect the U.S. companies with existing opportunities in Bolivia, so that private investment in infrastructure can be transparent, competitive, and developed following international best practices.
The initiative will promote, among other activities, business-to-business and business-to-government round tables, support to trade missions and investment exploration tours, business feasibility studies, technical knowledge exchanges to improve the investment climate, and support to project funding.
This agreement will support high-level diplomatic engagement, in accordance with the MOU framework, as well as opportunities for technical assistance and exchanges. Additionally, it will use existing bilateral discussions and regional forums to share best practices bilaterally and through regional institutions, business associations, and civil society groups.
This effort is already being implemented in Argentina, Chile, Jamaica, Panama, Colombia, Ecuador, Brazil, El Salvador, and Honduras with an aim to promote job creation and reactivate economic growth by facilitating urgently needed infrastructure projects in those countries.