• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Another grocery chain quietly shuts down more stores

August 11, 2026

This Is The Most Disgusting Piece Of Trump Corruption Yet

August 11, 2026

Alabama AG Says California Should Allow Paramount Acquisition of Warner Bros.

August 11, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, August 11
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    This Is The Most Disgusting Piece Of Trump Corruption Yet

    August 11, 2026

    Ohio Troopers Investigate Bomb Threat as Law Enforcement Make Contact with Suspicious Individual Near President Trump’s Scheduled Visit

    August 11, 2026

    President Trump Threatens to Take Federal Action to Stop Mamdani’s Pied-à-Terre Tax * The Gateway Pundit * by Cristina Laila

    August 11, 2026

    Wayne Allyn Root Interviews President Donald Trump Watch Live at 4 PM ET * The Gateway Pundit * by Official Podcast of The Gateway Pundit. A WAR/TGP Partnership

    August 11, 2026

    Former DNC Fundraiser Says Democrat Donors Are Not Going to Fund Another Kamala Harris for President Campaign (VIDEO)

    August 11, 2026
  • Health

    Congo’s Ebola Epidemic Began With A Fresh Jump From An Animal. Dating It Will Take More Genomes

    August 11, 2026

    How we know that splitting up the MMR vaccine could be dangerous

    August 11, 2026

    Sick Kids, Stalled Science — America’s Pediatric Health Funding Crisis

    August 11, 2026

    Trump returns to vaccine policy, FDA proposes food additive rule

    August 11, 2026

    Trump Issues New Executive Order On Vaccines—Here Are The Public Health Concerns

    August 11, 2026
  • World

    One Year Later, President Aliyev Credits Trump for Historic Armenia Peace

    August 11, 2026

    Rachel Maddow Reveals How Trump-Oil Company Could Be ‘Invading’ Greenland

    August 11, 2026

    Iran: Hormuz Shut ‘Until U.S. Corrects Behavior’ — Vance: ‘Middle Game’

    August 11, 2026

    Lauren Boebert’s Son Faces Child Abuse Charges

    August 11, 2026

    Counter-Terror Police Reopen Inquiry Into Farage Home ‘Firebombing’ Attempt

    August 11, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Another grocery chain quietly shuts down more stores

    August 11, 2026

    Why JPMorgan is investing big in the 2028 LA Olympics

    August 11, 2026

    MoneyGram brings cash-to-crypto service to Solana

    August 11, 2026

    Polymarket revamps marketing, expands U.S. hiring ahead of fall events

    August 11, 2026

    Opening prices fall back ahead of inflation reports this week

    August 11, 2026
  • Tech

    Anthropic Adds Invisible Watermark to Claude’s Text Output

    August 11, 2026

    FBI Tech Helps Rescue 6-Month-Old, 16-Year-Old Within 24 Hours

    August 11, 2026

    Tech Companies Want Federal Government to Sort Out AI-Driven Memory Chip Shortage

    August 11, 2026

    China Debuts Its Largest ‘AI Industrial Park’

    August 11, 2026

    Mark Zuckerberg Lays Out Optimistic AI Vision of “Personal Superintelligence” for Everyone

    August 11, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»China Keeping Details of Investment Deals From Bolivian Public and Congress, Sources Claim
Finance

China Keeping Details of Investment Deals From Bolivian Public and Congress, Sources Claim

August 7, 2023No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China Keeping Details of Investment Deals From Bolivian Public and Congress, Sources Claim
Share
Facebook Twitter LinkedIn Pinterest Email
Advertisement

The Chinese government is inserting confidentiality clauses into its investment agreements with the Bolivian government, according to sources close to the deals who have viewed the agreements in question.

The sources, some of which have direct access to the Bolivian government and Chinese firms, claim that contractors are strictly prohibited from sharing any details about the investment contracts with Congress or the public, unless specifically instructed by the Chinese government. The deals have been agreed to by the ruling Movement for Socialism party, led by President Luis Arce.

The deals, these sources allege, include energy and mining contracts, which are of particular relevance to China’s critical mineral strategy in South America, and infrastructure construction deals in and near the Bolivian Amazon.

Some of the deals were signed in the immediate aftermath of corruption scandals involving officials in the MAS government led by Evo Morales, in whose cabinet Arce served, and Chinese state and private firms working in Bolivia.

For instance, Morales’ former partner Gabriela Zapata served on the board of the public China CAMC Engineering Company Ltd. from 2013 to 2016, when deals for the construction of energy plants were signed between the MAS government and CAMC. Zapata was sentenced to 10 years in prison for using her CAMC position to get over $560 million in public contracts from the Morales government. As revealed earlier this year, CAMC was also just involved in a new corruption scandal in Venezuela involving the theft of public funds.

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

In an interview with The Diplomat, one source working on energy dossiers for the Yacimientos de Litio Bolivianos (YLB), Bolivia’s public lithium company, who spoke on condition of anonymity due to fear of political persecution, said that “everything is in the dark with China.” The comment was about the lack of detail given by the Arce government on energy and mining deals with China, specifically regarding lithium.

See also  Warren Buffett Retires As Investment Firm CEO At 95

Officials within Arce’s Ministries of Hydrocarbons and Mining also allege that gold mines are being exploited in secret by firms linked to the Chinese government. Though they did not mention a specific mining site, they mentioned that the mining was being conducted on Indigenous territory, as previously alleged by Julieta Pelcastre, a reporter with Diálogo Américas.

The confidentiality clauses help prevent the information from coming to public attention. Given geopolitical tensions in Bolivia and the region, China likely prefers this information to be kept under wraps, in line with its low-profile diplomatic strategy, which allows it to sign sometimes contentious deals without fear of backlash.

Advertisement

Regardless, the clauses appear to violate Articles 106, 107, and 242 of the Bolivian Constitution, which guarantees the public and Congress’ right to information critical to the national interest. The source from the YLB also told The Diplomat that “we cannot speak about deals we know nothing about, that is not how we formulate policy.” The source added, “This is not investment, this is a dependency mechanism.”

The MAS government’s tensions with the Organization of American States and the Inter-American Commission on Human Rights, as well as the governments of the United States and Canada, neither of which have an Ambassador in La Paz, also restrict the international community’s ability to gather information about specific Chinese investments.

Despite China’s prominent role in managing and financing Bolivia’s economy, the extent of Beijing’s financial activities in the country remains unclear. Furthermore, the sources in Arce’s energy cabinet with access to the confidential financial deals allege that through the deals China guarantees its own exclusivity and restricts the Bolivian counterparts’ power to negotiate the terms of the deals or seek outside international financing.

See also  Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll

The sources in Arce’s energy ministries allege that China also reserves itself the freedom to negotiate the terms of the deals at a time of its choosing and restricts Bolivia’s ability to seek negotiations after signing – a freedom not granted to other countries. The principle goes against international trade law, as dictated by the World Trade Organization, of which both China and Bolivia are members.

Silvia Molina Carpio, a Researcher at the Center for Studies for Labor and Agricultural Development (CEDLA) in La Paz, argues that “if this is being done in Bolivia, it is definitely being done in other Latin American countries as well, in full disregard of the region’s constitutional sovereignty.”

The Arce administration, including the YLB and Ministries of Hydrocarbons and Mining, did not respond to requests for comment.

In fact, according to the AidData Project at the College of William & Mary in Virginia, China has used confidentiality clauses in over 100 of its loan packages throughout the developing world, particularly in Latin America.

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

The clauses revealed by AidData, however, pertained explicitly to loans and only related to the countries’ ability to share information about the loans with external creditors and lenders. In this new case, the entities being kept in the dark are the government and the public of the country itself. AidData has little information on Chinese investments in Bolivia.

“Some figures in the government know about this, but won’t reveal anything since China is their cash cow, and would not want to jeopardize deals worth billions of dollars,” Molina Carpio said.

See also  New York sues Kalshi, claims it is 'illegal gambling operation'

Dr. Evan Ellis of the Center for Strategic and International Studies said the presence of confidentiality clauses “underlines the predatory nature of Chinese companies and the importance for Latin America and other partners to be at the top of their game when they negotiate and review contracts.”

Advertisement

Ellis added, “It highlights some of the dangers of, so to speak, state-to-state contracts, to ensure that the Latin American countries and not just the Chinese partners, end up getting the maximum possible value out of the deals, and know what they’re getting into.”

Two sources working for the MAS allege that some legislators of the Plurinational Legislative Assembly know of and have endorsed this situation and approve of the loans. If true, this would also be a violation of Bolivian law.

Last November, in response to allegations of foul play by the Chinese government and Chinese firms in Bolivia, Senator Pedro Vargas of the MAS told The Diplomat from his office in La Paz that “the government has always, and will always, act in accordance with the rule of law and the Constitution, and act in the best interests of the Bolivian people.” Vargas added that “the United States and China will continue to compete for influence, but the truth is, we will continue to do what is best for our country, and the deals we have been able to secure move our country forward.”

Bolivian China claim Congress deals Details Investment Keeping Public sources
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Another grocery chain quietly shuts down more stores

August 11, 2026

Why JPMorgan is investing big in the 2028 LA Olympics

August 11, 2026

MoneyGram brings cash-to-crypto service to Solana

August 11, 2026

Polymarket revamps marketing, expands U.S. hiring ahead of fall events

August 11, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

“Yeah sure but” – 38-year-old WWE Superstar responds to Bloodline member’s claim about him and Jimmy Uso with picture of Roman Reigns

June 8, 2023

China and India Received Record Amounts of Russian Crude in May

June 3, 2023

Former Israeli Soccer Star Lior Asulin Killed in Hamas Attack While Celebrating 43rd Birthday

October 10, 2023

Jada Pinkett Smith Is ‘Emasculating and Embarrassing’ Will Smith

October 24, 2023
Don't Miss

Another grocery chain quietly shuts down more stores

Finance August 11, 2026

While concern continues to rise about the cost of groceries, another major issue is quietly…

This Is The Most Disgusting Piece Of Trump Corruption Yet

August 11, 2026

Alabama AG Says California Should Allow Paramount Acquisition of Warner Bros.

August 11, 2026

DiJonai Carrington Receives Loud Applause in First Game Since Flagrant Foul on Sophie Cunningham, ‘White Privilege’ Post

August 11, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,202)
  • Finance (4,554)
  • Health (2,707)
  • Lifestyle (1,913)
  • Politics (4,196)
  • Sports (5,045)
  • Tech (2,501)
  • Uncategorized (4)
  • World (6,294)
Our Picks

Nearly 100 suspects arrested and 13 children rescued in child sex abuse case related to deaths of two FBI agents

August 9, 2023

Sharp Drops In Big Tech Companies Pull Indexes Mostly Lower On Wall Street

June 24, 2026

China’s Alibaba Breaks into Six Units as Founder Jack Ma Returns from Exile

April 1, 2023
Popular Posts

Another grocery chain quietly shuts down more stores

August 11, 2026

This Is The Most Disgusting Piece Of Trump Corruption Yet

August 11, 2026

Alabama AG Says California Should Allow Paramount Acquisition of Warner Bros.

August 11, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.