style="font-size:15px;"> slate, so vote percentages are the same as in section on presidentialelection results; seats - (130 total) MNR 40, ADN 35, MIR 33, IU 10, CONDEPA
9, PDC 3
Chamber of Senators:
last held 7 May 1989 (next to be held May 1993); results - percent of vote
by party NA; note - legislative and presidential candidates run on a unified
slate, so vote percentages are the same as in section on presidential
election results; seats - (27 total) MNR 9, ADN 7, MIR 8, CONDEPA 2, PDC 1
:Bolivia Government
President:
last held 7 May 1989 (next to be held May 1993); results - Gonzalo SANCHEZ
de Lozada (MNR) 23%, Hugo BANZER Suarez (ADN) 22%, Jaime PAZ Zamora (MIR)
19%; no candidate received a majority of the popular vote; Jaime PAZ Zamora
(MIR) formed a coalition with Hugo BANZER (ADN); with ADN support PAZ Zamora
won the congressional runoff election on 4 August and was inaugurated on 6
August 1989
Member of:
AG, ECLAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICO, IDA, IFAD, IFC, ILO, IMF,
IMO, INTELSAT, INTERPOL, IOC, IOM, ITU, LAES, LAIA, LORCS, NAM, OAS, OPANAL,
PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WMO, WTO
Diplomatic representation:
Ambassador Jorge CRESPO; Chancery at 3014 Massachusetts Avenue NW,
Washington, DC 20008; telephone (202) 483-4410 through 4412; there are
Bolivian Consulates General in Los Angeles, Miami, New York, and San
Francisco
US:
Ambassador Charles R. BOWERS; Embassy at Banco Popular del Peru Building,
corner of Calles Mercado y Colon, La Paz (mailing address is P. O. Box 425,
La Paz, or APO AA 34032); telephone [591] (2) 350251 or 350120; FAX [591]
(2) 359875
Flag:
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
Overview:
The Bolivian economy steadily deteriorated between 1980 and 1985 as La Paz
financed growing budget deficits by expanding the money supply, and
inflation spiraled - peaking at 11,700%. An austere orthodox economic
program adopted by then President Paz Estenssoro in 1985, however, succeeded
in reducing inflation to between 10% and 20% annually since 1987, eventually
restarting economic growth. Since August 1989, President Paz Zamora has
retained the economic policies of the previous government, keeping inflation
down and continuing moderate growth. Nevertheless, Bolivia continues to be
one of the poorest countries in Latin America, with widespread poverty and
unemployment, and it remains vulnerable to price fluctuations for its
limited exports - agricultural products, minerals, and natural gas.
Moreover, for many farmers, who constitute half of the country's work force,
the main cash crop is coca, which is sold for cocaine processing.
GDP:
exchange rate conversion - $4.6 billion, per capita $630; real growth rate
4% (1991)
Inflation rate (consumer prices):
15% (1991)
Unemployment rate:
7% (1991 est.)
Budget:
revenues $900 million; expenditures $825 million, including capital
expenditures of $300 million (1991 est.)
Exports:
$970 million (f.o.b., 1991)
commodities:
metals 45%, natural gas 25%, other 30% (coffee, soybeans, sugar, cotton,
timber)
partners:
US 15%, Argentina
Imports:
$760 million (c.i.f., 1991)
commodities:
food, petroleum, consumer goods, capital goods
partners:
US 22%
External debt:
$3.3 billion (December 1991)
Industrial production:
growth rate 6% (1991); accounts for almost 30% of GDP
Electricity:
849,000 kW capacity; 1,798 million kWh produced, 251 kWh per capita (1991)
Industries:
mining, smelting, petroleum, food and beverage, tobacco, handicrafts,
clothing; illicit drug industry reportedly produces significant revenues
Agriculture:
accounts for about 20% of GDP (including forestry and fisheries); principal
commodities - coffee, coca, cotton, corn, sugarcane, rice, potatoes, timber;
self-sufficient in food
Illicit drugs:
world's second-largest producer of coca (after Peru) with an estimated
47,900 hectares under cultivation; voluntary and forced eradication program
