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Morales creates Cabinet post to defend nationalizations of companies in Bolivia

Morales creates Cabinet post to defend nationalizations of companies in Bolivia

President Evo Morales is creating a Cabinet-level ministry to defend Bolivia in legal battles over his nationalizations of foreign-owned companies.
Morales said late Thursday that the ministry would "assume an enormous responsibility" in helping the state reclaim petroleum, mining, telecommunications and other industries privatized during the 1990s.
Morales named 37-year-old lawyer Hector Arce, former minister of government coordination, to lead the new agency.
Italy's Euro Telecom International is disputing the seizure of its subsidiary Entel in a World Bank court. And Swiss mining company Glencore International is disputing last year's nationalization of a Bolivian tin smelter.


Updated : 2021-10-22 12:10 GMT+08:00