Evo Morales Open to Energy Investments in Bolivia

Bolivian president is open to foreign investments but on his country's terms.

Published: 15-Sep-2009

MADRID — Bolivia welcomes foreign investment in its energy and natural resource sectors but without foreign companies acting as owners, President Evo Morales said Monday.

Bolivia's plans to nationalize its electricity sector and how this might affect Spanish companies in the South American country will be among the top items on Morales' agenda during his trip to Madrid, which began Sunday.

"Companies that respect Bolivian norms will be welcomed," Morales told a breakfast meeting of business representatives, politician and journalists. "We're looking for investment, be it from private or state sector. We want partners, not owners of our natural resources."

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