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

Citi says investors should consider buying tumbling tech stock

September 2, 2026

Trump Is Now Launching Deranged Attacks On Voting In Red State Alaska

September 2, 2026

Celebs Nicki Minaj, Dean Cain Join Trump’s ‘Shark Tank’-Like Entrepreneur Event

September 2, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, September 2
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Trump Is Now Launching Deranged Attacks On Voting In Red State Alaska

    September 2, 2026

    ALL State Agencies Receiving Federal Food Stamp and Social Security Assistance Funds Must Report Known Illegal Aliens to DHS Under Welfare Reform Law Passed by Congress in 1996 * The Gateway Pundit * by Jim Hᴏft

    September 2, 2026

    Trump’s Midterm Convention Backfires As Republican Candidates Refuse To Show Up

    September 2, 2026

    Cheap Pillows Are Already Flat By 3 A.M. – Mike’s Made-In-America Queen Is $29.98 With Code TGP * The Gateway Pundit * by Promoted Post

    September 2, 2026

    “If you knowingly allow non-citizens to vote in elections, you are committing a federal crime!” [VIDEO] * The Gateway Pundit * by Patty McMurray

    September 2, 2026
  • Health

    Medical experts release vaccination guidelines for fall, winter

    September 2, 2026

    HHS, screentime, alpha-gal, DSM, TikTok: Morning Rounds

    September 2, 2026

    Empower Yourself To Trust Your Judgment

    September 2, 2026

    ADA review of members’ expulsion denies group censored opinions, called in police| STAT

    September 2, 2026

    Paxlovid, long Covid, weed, Trump drug deals: Morning Rounds

    September 1, 2026
  • World

    Critics Link China’s Voracious Belt and Road Buildup to Tibet Floods

    September 2, 2026

    Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion As Borrowing Costs Rise

    September 2, 2026

    Trump Responds To 2028 Campaign Rumor About Pete Hegseth

    September 2, 2026

    Three Moroccans Arrested for Throwing Corrosive Cocktails at Military

    September 2, 2026

    Lois Boisson Destroys Tennis Racket In Viral U.S. Open Meltdown

    September 2, 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

    Citi says investors should consider buying tumbling tech stock

    September 2, 2026

    Costco shuts down key service without notice

    September 2, 2026

    Strong economy driving Treasury yields

    September 2, 2026

    US Drugmakers Are Dependent on Chinese Supply Chains

    September 2, 2026

    A Bet on Semiconductor Innovation

    September 2, 2026
  • Tech

    1 Billion Humanoid Robots Will Outproduce All of Humanity in 10 Years

    September 2, 2026

    Pentagon Adds OpenAI’s ChatGPT and Elon Musk’s Grok to Military AI Portal

    September 2, 2026

    China Fueling Opposition to AI Data Centers

    September 2, 2026

    National Security Concerns Rise as FAA Considers Vendors with Ties to China

    September 2, 2026

    Taiwanese Man Jailed After Using Robot Vacuum to Record Wife’s Affair

    September 2, 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  Judge rejects US bid to restrict American Airlines, JetBlue deals

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  Pratt Engine Flaw to Idle Hundreds of A320 Planes for Years

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  Is Vietnam’s Energy Transition Entering a New Phase?

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

Citi says investors should consider buying tumbling tech stock

September 2, 2026

Costco shuts down key service without notice

September 2, 2026

ALL State Agencies Receiving Federal Food Stamp and Social Security Assistance Funds Must Report Known Illegal Aliens to DHS Under Welfare Reform Law Passed by Congress in 1996 * The Gateway Pundit * by Jim Hᴏft

September 2, 2026

Strong economy driving Treasury yields

September 2, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Iranian State Media Mocks Trump for Secret Airplane Swap in Turkey

August 17, 2026

McDonald’s Contradicts Itself On Israel-Hamas Attacks, Denies ‘Political Involvement’

October 15, 2023

Mark Zuckerberg Repeatedly Shot Down Plans to Protect Teens on Instagram, Facebook

November 9, 2023

Yellowjackets Season 2 Finale: What Went Wrong

May 27, 2023
Don't Miss

Citi says investors should consider buying tumbling tech stock

Finance September 2, 2026

Oracle (ORCL) has been one of the roughest large-cap tech names to hold in 2026.…

Trump Is Now Launching Deranged Attacks On Voting In Red State Alaska

September 2, 2026

Celebs Nicki Minaj, Dean Cain Join Trump’s ‘Shark Tank’-Like Entrepreneur Event

September 2, 2026

Critics Link China’s Voracious Belt and Road Buildup to Tibet Floods

September 2, 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 (6,626)
  • Finance (4,830)
  • Health (2,834)
  • Lifestyle (1,926)
  • Politics (4,458)
  • Sports (5,197)
  • Tech (2,607)
  • Uncategorized (4)
  • World (6,790)
Our Picks

Alleged Sex Traffickers Tied to China Posted Selfie After Victim Beaten

September 28, 2023

Apple iPhone Crash Detection Causes Surge of Bogus 911 Calls as Attendees Dance at Bonnaroo Music Festival

June 28, 2023

Investor pressure builds for Seven & i shake-up, including 7-Eleven spin off

April 5, 2023
Popular Posts

Citi says investors should consider buying tumbling tech stock

September 2, 2026

Trump Is Now Launching Deranged Attacks On Voting In Red State Alaska

September 2, 2026

Celebs Nicki Minaj, Dean Cain Join Trump’s ‘Shark Tank’-Like Entrepreneur Event

September 2, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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