Susana Anaya Navia, economist with specialization in hydrocarbons and energy: “Inadequate hydrocarbons policies, a fixed exchange rate and high public spending have caused shortages of foreign currency and fuel. In Bolivia, hydrocarbons subsidies result from the setting of local prices well below opportunity prices. The difference is a subsidy that, in the case of fuels produced in Bolivia, is borne by the producer who receives the balance of the price at the wellhead after subtracting royalties (‘implicit subsidy’ or a type of oil rent). Attempts have already been made to puncture the subsidy. The government offered import authorization and diesel auctions, as well as two new gasolines of better quality and higher and fluctuating prices. As there is no foreign currency to import or fiscal resources for subsidies, that is, with the situation being…”
Complete editions of the Latin America Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.
Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Diego Arria
Director,
Columbus Group
Merike Blofield
Professor of Political Science,
University of Hamburg
Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies
Joyce Chang
Global Head of Research,
J.P. Morgan
Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)
Peter Hakim
President Emeritus,
Inter-American Dialogue
Donna Hrinak
Director,
Adtalem Global Education
Jon E. Huenemann
Council Member,
GLG Inc.
James R. Jones
Chairman,
Monarch Global Strategies
Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
John Maisto
Director,
US Education Finance Group
Nicolas Mariscal
Chairman,
Grupo Marhnos
Thomas F. McLarty III
Chairman,
McLarty Associates
Beatrice Rangel
Director,
AMLA Consulting
Ernesto Revilla
Head of Latin American Economics, Citi
Gustavo Roosen
President,
IESA
Andrés Rozental
President, Rozental &
Asociados
Shelly Shetty
Managing Director,
Sovereigns, Fitch
The Dialogue is a hemispheric organization that builds networks of cooperation and action to advance democratic resilience, shared prosperity, social inclusion, and sustainable development across the Americas. We impact policy debates, devise solutions, and enhance collaboration to unlock meaningful change in the Western Hemisphere.
Inter-American Dialogue
1155 15th Street NW | Suite 800
Washington, DC 20005
P: +1-202-822-9002
F: +1-202-822-9553