Bolivia investment law proposal offers 10% tax, 30-year stability

Bolivia's private sector chamber (Cainco) presented an investment law proposal guaranteeing protections for national and foreign capital, including a 10% tax rate and 30-year stability for large projects contingent on investment commitments and local supplier use. The proposal awaits legislative approval before year-end; passage would signal a shift toward attracting foreign investment in a country with recent resource nationalism.