IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.20% USD/MXN17.33▲ 0.08% USD/CLP924.37▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 ▲ 1.04% SELIC 14.25% EMBRAER 90.49 ▲ 4.14% EMBRAER ADR 71.30 ▲ 4.35% JBS 13.76 ▼ 1.85% JBS BDR 70.09 ▼ 0.86% MBRF3 17.74 ▲ 1.14% MBRFY 3.43 ▼ 0.29% INTER 5.60 — 0.00% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.16% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.88▼ 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4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 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Bolivia Latin America

Bolivian government, amid protests, backtracks on controversial law against illicit profits

By · October 15, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – “The Executive Branch, by listening to the Bolivian people, listening to their concerns, listening to their fears in relation to this bill, has decided to withdraw it,” said Minister of the Presidency María Nela Prada.

The Minister said in a press conference at the Casa Grande del Pueblo that this decision is to “prevent destabilization,” violence and conflict, and also because President Arce governs “listening to the Bolivian people.”

Minister of the Presidency María Nela Prada. (photo internet reproduction)
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Prada acknowledged that there were failures in the “discussion” of the bill and given “this absence of information,” sectors of the population have shown an unfounded concern that, in her opinion, were promoted by political groups seeking impunity.

“In the face of these failed attempts, they used the law to fight the Legitimization of Illicit Profits as an excuse to spread misinformation to sow fear among popular sectors of the Bolivian people,” she said.

Several sectors rejected the law as they considered that it violated freedom of expression and that it granted the Financial Investigations Unit (UIF) “extraordinary powers” to investigate their accounts.

MARCHES

On Thursday, the National Association of Oilseed and Wheat Producers (ANAPO) held a motorcade in eastern Santa Cruz against the challenged law.

The farmers drove to the Palace of Justice in Santa Cruz demanding a consensus on the law and that it be repealed, considering that the rule violates the rights of the people.

“We are producers, we have been accumulating and building assets, buying iron, land and little by little it is growing and if someday we will be investigated, this will affect us,” said producer Epifanio Surita.

This week several sectors such as trade unions and citizen organizations marched against this controversial law, in addition to a strike demanding the bill to be repealed, with several sectors announcing new marches for next week, among other measures.

The controversial law was “temporarily” suspended in early October due to doubts and observations from several sectors that expressed their rejection and decided it would be opened to dialogue.

On Thursday a “discussion” was held with the Federations of Community Councils (FEJUVE) of the city of El Alto, neighboring La Paz, with the participation of Economy Minister Marcelo Montenegro, where its members challenged the regulation and threatened to join the other sectors in their pressure measures.

OPPOSITION REACTIONS

“Bolivia wins and authoritarians, human rights violators and those who believe that the people do not know how to defend themselves lose. Battles for justice and democracy are coming. We will be there because united we can do anything,” wrote ex-president Carlos Mesa, leader of the main opposition party Comunidad Ciudadana.

From the opposition, Santa Cruz governor Luis Fernando Camacho said that this is a “new triumph of the Bolivian people.”

“The mobilized Bolivian people forced the government of Luis Arce to withdraw from the legislature yet another authoritarian law of the MAS party. With that law, any citizen could be arbitrarily investigated and stripped of their property,” Camacho wrote.

For his part, president of the Pro Santa Cruz Committee Rómulo Calvo, the group that led last Monday’s strike, thanked the Bolivian people for taking to the streets to express their “displeasure” with the government.

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