president and vice president elected on the same ticket by popular vote for five-year terms; election last held 1 June 1997 (next to be held May or June 2002)
election results: Hugo BANZER Suarez elected president; percent of vote - Hugo BANZER Suarez (ADN) 22%; Jaime PAZ Zamora (MIR) 17%, Juan Carlos DURAN (MNR) 18%, Ivo KULJIS (UCS) 16%, Remedios LOZA (CONDEPA) 17%; no candidate received a majority of the popular vote; Hugo BANZER Suarez won a congressional runoff election on 5 August 1997 after forming a "megacoalition" with MIR, UCS, CONDEPA, NFR, and PDC
Legislative branch: bicameral National Congress or Congreso Nacional consists of Chamber of Senators or Camara de Senadores (27 seats; members are directly elected by popular vote to serve five-year terms) and Chamber of Deputies or Camara de Diputados (130 seats; members are directly elected by popular vote to serve five-year terms; note - some members are drawn from party lists, thus not directly elected)
elections: Chamber of Senators and Chamber of Deputies - last held 1 June 1997 (next to be held NA June 2002)
election results: Chamber of Senators - percent of vote by party -
NA%; seats by party - ADN 11, MIR 7, MNR 4, CONDEPA 3, UCS 2;
Chamber of Deputies - percent of vote by party - NA%; seats by party
- ADN 32, MNR 26, MIR 23, UCS 21, CONDEPA 19, MBL 5, IU 4
Judicial branch: Supreme Court or Corte Suprema (judges appointed for 10-year terms by National Congress); District Courts (one in each department); provincial and local courts (to try minor cases)
Political parties and leaders: Christian Democratic Party or PDC
[leader NA]; Civic Solidarity Union or UCS [Johnny FERNANDEZ];
Conscience of the Fatherland or CONDEPA [Remedios LOZA Alvarado];
Free Bolivia Movement or MBL [Antonio ARANIBAR]; Movement of the
Revolutionary Left or MIR [Jaime PAZ Zamora]; Nationalist Democratic
Action or ADN [Hugo BANZER Suarez]; Nationalist Revolutionary
Movement or MNR [Gonzalo SANCHEZ DE LOZADA]; New Republican Force or
NFR [leader NA]; Pachacuti Indigenous Movement [Filipe QUISPE];
United Left or IU [Marcos DOMIC]
note: the ADN, MIR, and UCS comprise the ruling coalition
Political pressure groups and leaders: Cocalero Groups; indigenous organizations; labor unions
International organization participation: CAN, CCC, ECLAC, FAO,
G-11, G-77, IADB, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ITU, LAES, LAIA,
Mercosur (associate), MONUC, NAM, OAS, OPANAL, OPCW, PCA, RG, UN,
UNCTAD, UNESCO, UNIDO, UNMIK, UNTAET, UPU, WCL, WFTU, WHO, WIPO,
WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador
Marlene FERNANDEZ del Granado
chancery: 3014 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 483–4410
FAX: [1] (202) 328–3712
consulate(s) general: Los Angeles, Miami, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador
V. Manuel ROCHA
embassy: Avenida Arce 2780, San Jorge, La Paz
mailing address: P. O. Box 425, La Paz; APO AA 34032
telephone: [591] (2) 432254
FAX: [591] (2) 433854
Flag description: three equal horizontal bands of red (top), yellow, and green with the coat of arms centered on the yellow band; similar to the flag of Ghana, which has a large black five-pointed star centered in the yellow band
Bolivia Economy
Economy - overview: Bolivia, long one of the poorest and least developed Latin American countries, has made considerable progress toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993–97) included the signing of a free trade agreement with Mexico and joining the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. His successor, Hugo BANZER Suarez has tried to further improve the country's investment climate with an anticorruption campaign. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty programs, and the fallout from the Asian financial crisis. In 2000, major civil disturbances in April, and again in September and October, held down overall growth to 2.5%.
GDP: purchasing power parity - $20.9 billion (2000 est.)
GDP - real growth rate: 2.5% (2000 est.)
GDP - per capita: purchasing power parity - $2,600 (2000 est.)
GDP - composition by sector: agriculture: 16%
industry: 31%
services: 53% (1999 est.)
Population below poverty line: 70% (1999 est.)
Household income or consumption by percentage share: lowest 10%: 2.3%
highest 10%: 31.7% (1990)
Inflation rate (consumer prices): 4.4% (2000 est.)
Labor force: 2.5 million
Labor force - by occupation: agriculture NA%, industry NA%, services
NA%
Unemployment rate: 11.4% (1997)
note: widespread underemployment
Budget: revenues: $2.7 billion
expenditures: $2.7 billion, including capital expenditures of $NA (1998)
Industries: mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing
Industrial production growth rate: 4% (1995 est.)
Electricity - production: 3.625 billion kWh (1999)
Electricity - production by source: fossil fuel: 56.61%
hydro: 41.6%
nuclear: 0%
other: 1.79% (1999)
Electricity
