«Gift of the Pachamama» – Bolivia discovers huge gas field – News

• A large new gas field has been discovered in Bolivia.
• This is reported by the Bolivian newspaper “La Razón”.
• The field will increase the South American country’s gas reserves by more than 10 percent.

Bolivian President Luis Arce tweeted that the discovered gas field was a gift from “Pachamama,” Mother Earth, to everyone in the country.

Reduce poverty

Bolivia relies heavily on the largely nationalized commodity sector. Approximately half of the state budget is covered by income from the export of gas and minerals. Thanks to the income, the government of former President Evo Morales reduced poverty and improved the living conditions of the indigenous population.

But falling prices can also plunge the Andean country into a crisis. Time and again there were demonstrations against the export of the raw material.