November 20, 2009
The Bolivian government is close to getting a $60m loan from China to finan
The Bolivian government is close to getting a $60m loan from China to finance the installation of 100,000 residential gas connections, according to a statement from the local ministry of hydrocarbons. At least $31m of the facility will go to state-owned energy company Yacimientos Petroliferos Fiscales Bolivianos to acquire 2 drilling rigs. The loan will have a 20-year term and an annual interest rate of 2.0%. The deal still needs to be approved by the Bolivian Congress.