Friday, December 11, 2009

China to loan $40 Million to the Bolivian Army.

After securing a 57.8 million dollars deal to sell six K-8 jet trainers to the Bolivian air force in October 2009 (here) , China has agreed to another 40 million dollar loan to the Bolivian engineering battalions.

The original news article in Spanish.

China financiará con 40 millones de dólares equipos para el Ejército boliviano

Por Agencia EFE

La Paz, 4 dic (EFE).- El Gobierno de China financiará con 40 millones de dólares el equipamiento de seis batallones de ingenieros del Ejército de Bolivia, anunció hoy el presidente Evo Morales al conmemorar el aniversario de una institución de las Fuerzas Armadas.

El mandatario dijo en ese acto militar, celebrado en la ciudad de Cochabamba, que esta semana se aprobó un decreto para que Bolivia adquiera el préstamo de China con el propósito de equipar a los ingenieros militares de La Paz, Tarija, Cochabamba, Pando y Oruro.

El préstamo de los 40 millones de dólares será otorgado por el Export Import Bank of China y se destinará para equipos que permitan construir carreteras nacionales e internacionales en el país.

Además de este apoyo, China está asesorando a Bolivia en la construcción y puesta en orbita de un satélite propio.

Morales participó en el aniversario de la Corporación de las Fuerzas Armadas para el Desarrollo Nacional (Cofadena), una entidad que realiza actividades productivas, pero que actualmente sufre falta de recursos.

Morales achacó al "neoliberalismo" la situación de "quiebra" de esa institución productiva de las Fuerzas Armadas y prometió darle mas apoyo para fortalecer su crecimiento.

La Cofadena presentó hoy al Gobierno medio centenar de tractores que fueron ensamblados en sus instalaciones y tiene como proyecto hacer lo mismo próximamente con máquinas iraníes.

Al respecto, Morales dijo que técnicos de Bolivia y de Irán adelantaron diálogos el pasado 24 de noviembre, cuando el mandatario iraní, Mahmud Ahmadineyad, visitó La Paz.

The Google-translated English.

China financed $ 40 million to the Bolivian Army equipment

By Agencia EFE - 6 days ago

La Paz, Dec 4 (EFE) .- The Chinese Government will finance $ 40 million with the team of six battalions of Army engineers Bolivia, today announced President Evo Morales to commemorate the anniversary of an institution of the Armed Forces.

The president said at the military ceremony held in the city of Cochabamba, which this week approved a decree that Bolivia acquires the loan from China for the purpose of equipping the military engineers of La Paz, Tarija, Cochabamba, Pando and Oruro .

The loan of $ 40 million will be granted by the Export Import Bank of China and will be used to build facilities for national and international roads in the country.

In addition to this support, China is assisting Bolivia in the construction and commissioning in orbit its own satellite.

Morales participated in the anniversary of the Corporation of the Armed Forces for National Development (Cofadena), an entity that carries out productive activities, but which currently suffers from lack of resources.

Morales blamed the "neoliberal" situation "bankruptcy" of the institution of the military production and promised to give more support to strengthen its growth.

The Government today introduced Cofadena fifty tractors were assembled on site and is planning to do so soon with Iranian machines.

In this regard, Morales said Bolivia's technical and Iran begin dialogue on 24 November, when Iranian President Mahmoud Ahmadinejad visited La Paz.


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