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Emerging Markets, Investment and Asset Management

Investing in the New Bolivia Summit

New York |
Speakers include:
Evo Morales Ayma

Evo Morales Ayma

Plurinational State of Bolivia

Luis Alberto  Arce Catacora

Luis Alberto Arce Catacora

Plurinational State of Bolivia

Rene  Orellana Halkyer

Rene Orellana Halkyer

Plurinational State of Bolivia

Overview

Financial Times Live is pleased to present the Investing in the New Bolivia Summit featuring a keynote address by Evo Morales, President of the Plurinational State of Bolivia.

Bolivia is undergoing a striking economic transformation and is now Latin America’s fastest growing economy. For almost a decade, Bolivia’s economy has expanded more than 5 percent a year on average and the size of its economy has tripled to about $30 billion – fueled by a gas and minerals boom. Furthermore, the Andean country boasts some remarkable macroeconomic fundamentals, including a balanced budget, a high level of international reserves and low inflation rates.

With a stable political environment and prudent macroeconomic policies, Bolivia seems well positioned to weather the ongoing downturn in commodity prices and looks determined to keep recent key economic and social gains. In this context, Bolivia is promoting domestic and foreign investment, offering investors in sectors such hydrocarbons, mining and consumer goods attractive opportunities.

What are the most promising opportunities and key considerations for businesses looking to establish or expand their operations in Bolivia? What are the growth prospects of Bolivia’s main sectors and what are the recent policies and measures in place to attract foreign investment? What is the future of Bolivia after the commodities bonanza?

This strategic, invitation-only event will bring together senior policy makers, investors and international business leaders for a forward looking and insightful discussion about Bolivia’s economic prospects, key areas of growth and emerging investment opportunities.

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fallback Add to my Calendar 10/26/2015 08:00:0010/26/2015 13:00:00trueInvesting in the New Bolivia Summit Financial Times Live is pleased to present the Investing in the New Bolivia Summit featuring a keynote address by Evo Morales, President of the Plurinational State of Bolivia.Bolivia is undergoing a striking economic transformation and is now Latin America’s fastest growing economy. For almost a decade, Bolivia’s economy has expanded more than 5 percent a year on average and the size of its economy has tripled to about $30 billion – fueled by a gas and minerals boom. Furthermore, the Andean country boasts some remarkable macroeconomic fundamentals, including a balanced budget, a high level of international reserves and low inflation rates.With a stable political environment and prudent macroeconomic policies, Bolivia seems well positioned to weather the ongoing downturn in commodity prices and looks determined to keep recent key economic and social gains. In this context, Bolivia is promoting domestic and foreign investment, offering investors in sectors such hydrocarbons, mining and consumer goods attractive opportunities.What are the most promising opportunities and key considerations for businesses looking to establish or expand their operations in Bolivia? What are the growth prospects of Bolivia’s main sectors and what are the recent policies and measures in place to attract foreign investment? What is the future of Bolivia after the commodities bonanza?This strategic, invitation-only event will bring together senior policy makers, investors and international business leaders for a forward looking and insightful discussion about Bolivia’s economic prospects, key areas of growth and emerging investment opportunities.Investing-in-the-New-Bolivia-Summit-2bdfb70853cefa897dcc6d27df65336dMM/DD/YYYY

Speakers (13)

Evo Morales Ayma

Evo Morales Ayma

President
Plurinational State of Bolivia

 

Evo Morales Ayma is the President-Elect of the Plurinational State of Bolivia. He is a descendent from an Aymara family, an indigenous nation whose fundamental pillars in the formation of a whole person are in the three wise words: ama sua (don't be stealer), ama Quella (do not be lazy) and ama llulla (do not be liar).

President Morales Ayma is the first Indian Head of State in the history of Bolivia, a country where over half the population is indigenous. He was first elected President on December 2005 and in 2006 he took possession of the highest office of the country. Winning with 62% last year's elections, he was elected President for five years until 2020.

President Morales Ayma was a leader among the indigenous farmers in Cochabamba's tropic, having occupied different positions in the workers’ union until he was elected as a Congressman in 1977.  

In 1997 he was elected Deputy Uninominal, with an overwhelming majority of votes-for the constituency 27 of Chapare. President Morales Ayma was a Congressman until 2002 and a Presidential Candidate for the Movimiento al Socialismo (MAS) in the 2002 elections.

Since then, President Morales Ayma has been considered the leader of change and the architect of the good living of the New Plurinational State of Bolivia.

Luis Alberto  Arce Catacora

Luis Alberto Arce Catacora

Minister of Economy and Public Finance
Plurinational State of Bolivia

Luis Alberto Arce Catacora has held the post of Minister of Economy and Finance of Bolivia for nine consecutive years; since the beginning of the administration of President Evo Morales Ayma (2006).

He received his Bachelor’s Degree in Economics from the San Andres Major University, in which he presented the thesis The Role of Exchange Rate Policy in the New Economic Policy. Minister Arce holds a Master’s of Science degree in Economics from Warwick University, England, where he studied between 1996 and 1997. In 1984, he also graduated as General Accountant at the Institute of Banking Education.

Minister Arce began his career at the Central Bank of Bolivia (BCB), from 1987 until January 2006, when he assumed the post of Minister of Finance of the Republic of Bolivia. In 2009, he took office as Minister of Economy and Public Finance. Minister Arce, with Carlos Villegas, authored the Productive Communitarian Social Economic Model that has been applied in Bolivia since 2006.

Rene  Orellana Halkyer

Rene Orellana Halkyer

Minister of Development Planning
Plurinational State of Bolivia

Rene Orellana Halkyer is the Minister of Development Planning of the Plurinational State of Bolivia since January 2015. Previously, he was Ambassador Ad Honorem in Special Mission with Plenipotentiary Representation in issues of Environment and Development at the UN and similar bodies (2012, 2013), Member of the Working Group on the United Nations framework for the elaboration of Sustainable Development Goals (2013-2014), Head of the Bolivian delegation at the 17th, 18th, 19th and 20th United Nations Conference on Climate Change (2012, 2013), Head of the Bolivian delegation at the UN Conference on Sustainable Development Rio +20 (2012), Candidate proposed by the Government of the Plurinational State of Bolivia to the function of Secretary General of the Union of Nations South America (UNASUR) (2013), Minister of Environment and Water of the Plurinational State of Bolivia (2009-2010), Minister of Water of Bolivia (2008-2009),  and Viceminister of Basic Services in Bolivia (2006).

Minister Orellana has published a series of books, including: 1) Development with poverty or the poverty of development. Limits of Mother Earth, vulnerability of the Millenium development Goals and Growth; 2) Interlegality and Legal Fields. Discourse and Law in the construction of semiautonomous orders in quechua indigenous communities in Bolivia; 3) Conflicts and Agreements about Transboundary Waters. Legal Framework and Internationally Regulatory Practices (et al); 4) Communitarian Territorial Organization in Morochata. Productive Orders and Indigenous Culture (et al), 5) The House of Plums (novel). He has also worked as a professor at the Universities NUR, UAGRM, Bolivian Catholic University, UMSS, and San Francisco Xavier University. He holds a Doctoral Degree from the University of Amsterdam (Faculty of Law, The Netherlands), with thesis in the area of Anthropology of Law and a Licentiate in Sociology (Universidad Mayor de San Simón, Cochabamba-UMSS, Bolivia).

Diego Diaz Baldasso

Diego Diaz Baldasso

President
Repsol Bolivia

Diego Díaz Baldasso was appointed Head of Repsol subsidiary in Bolivia in August 2015. Repsol is a leading O&G company in the country, where it operates the giant Margarita – Huacaya field with production in excess of 18m cubic meters per day. Repsol operates other smaller fields and owns a 48% share of YPFB Andina, the largest hydrocarbon producer in Bolivia.

Prior to his current assignment, Mr Díaz Baldasso was Director of Akakus Oil Operations (AOO), a joint venture company between Repsol and the Libyan N.O.C. with a daily production of 350,000 barrels of oil per day. Formerly, Mr Díaz Baldasso worked in different technical, managerial and executive positions in Repsol USA offices from 2000 to 2010 based in Denver, CO and Houston, TX. M

Mr Díaz Baldasso holds a BS/MS degree in Physics from Instituto Balseiro, with a full scholarship from the Argentine Nuclear Energy Agency. Subsequently, while living in the USA, Mr Diaz Baldasso earned an MBA from Northwestern University, Kellogg School of Management.

Cathleen  McLaughlin

Cathleen McLaughlin

Partner - Latin America and Project Finance practices
Paul Hastings

Cathleen McLaughlin is a Partner in the Latin America and Project Finance practices at Paul Hastings, and is based in the firm’s New York office. Ms McLaughlin’s U.S. capital markets experience includes varied transactional and advisory securities experience relating to SEC-registered and unregistered (Regulation S and Rule 144A) debt and equity offerings by U.S., Latin American, and other foreign issuers. She has extensive experience in sovereign, corporate, and infrastructure-related financings involving Latin American and European borrowers.

Before joining Paul Hastings, Ms McLaughlin was at another international law firm where she was the Head of the New York International Capital Markets practice, and founded and co-headed the firm’s Latin America practice. She is a native English speaker and has a working knowledge of Spanish.

Guillermo Acha

Guillermo Acha

President & CEO
Yacimientos Petrolíferos Fiscales Bolivianos

Guillermo Achá is the President and CEO of Yacimientos Petroliferos Fiscales Bolivianos (YPFB). Mr Achá started his career in YPFB in 2006 as Head of the Supply Chain, and later he was appointed as Liquid Hydrocarbons Director, Commercialization Manager and Vice President of Operations.  In recent years, he served as General Manager of YPFB Refining. Mr Achá graduated in Business Administration at the Bolivian Catholic University. He also has post-graduate studies in Oil & Gas at the Bolivian Private University.

Erich  Arispe

Erich Arispe

Director, Latin American Sovereigns Group
Fitch Ratings

Erich Arispe is a Director in Fitch Ratings’ Sovereigns Group. He is responsible for analysis and ratings of sovereigns in Latin America and the Caribbean. He also works with the structured finance, corporate, and bank groups on regional ratings.

Prior to joining Fitch in 2007, Mr Arispe was an Analyst at American International Group (AIG) where he covered Latin American sovereigns. He also worked in macroeconomic and political risk at Zurich Emerging Market Solutions in Washington DC.  

Mr Arispe earned a BA in Political Science and Economics from American University and an MA in International Affairs from Johns Hopkins School of Advanced International Studies (SAIS). He is fluent in Spanish and Portuguese.  

Haruo Matzusaki

Haruo Matzusaki

Senior Vice President and General Manager, Mineral Resources & Energy Group,
Sumitomo Corporation of Americas

With 30 years’ experience in the mining and metals industry, Haruo Matsuzaki served until recently as President of Minera San Cristobal, a world-class Bolivian mining enterprise located in Potosi, Bolivia and a major producer of zinc, lead and silver.  Mr Matsuzaki currently serves as Corporate Officer of Sumitomo Corporation and Senior Vice President of Sumitomo Corporation of Americas. Sumitomo Corporation is one of the world’s largest integrated trading companies and member of the FORTUNE Global 500.

Mr Matsuzaki’s career has included assignments in Japan, Russia, Bolivia and now the United States of America. He has specialized in operations, investment management, feasibility and development assessment, project management, financial structure, contracts and due diligence.  As President of Minera San Cristobal, he led Bolivia’s largest mining enterprise and its extensive corporate and environmental responsibility programs. Mr Matsuzaki was raised in Fukuoka, Japan and is a graduate of the University of Tokyo with a degree in Economics.  He is fluent in English in addition to speaking native Japanese.

Hernan Atella

Hernan Atella

General Manager
Cerveceria Boliviana Nacional (CBN)

Hernán Guillermo Atella has been the CEO of Cervecería Boliviana Nacional S.A. (CBN) since January 2015.  Mr. Atella started his career in Cervecería y Maltería Quilmes (now part of AB InBev) in 1995 and has worked for 20 years in the beer and beverages industry.

Mr Atella worked most of his career in the commercial area of Argentina in different roles, both in Buenos Aires, as well as in the rest of the country. Prior to becoming the CEO of CBN, he was Head of the Non-Alcoholic Business Unit of the Latin America South Zone between 2013 and 2014. Mr Atella has a degree in Industrial Engineering from the University of Buenos Aires, and MBAs from the Catholic University in Argentina and from EOI in Spain.

Darko Zuazo Batchelder

Darko Zuazo Batchelder

Chairman
Banco Mercantil Santa Cruz

Darko Zuazo B. serves as Chairman of the Board of Banco Mercantil Santa Cruz. He also leads the Mercantil Santa Cruz Group, whose sectors include Insurance Brokerage, Asset Management, Investment Banking, Warrant Facilities, Hotel and Entertainment Business, Real Estate Development, Shopping Center, Franchises, among others. He is also very involved in philanthropy and social responsibility through the BMSC Foundation.

He is a member of the Business Council of Latin America – CEAL and a "Member of Merit" of the Carlos III Foundation of the Kingdom of Spain (2015). He is Vice President of Real Forum of the Kingdom of Spain, Bolivian Chapter (2015).

He was Director of the Andean Development Corporation – CAF (2012-2013).

Mr Zuazo was named "Businessman of the Year 2006" for his leadership in the purchase and merger of Banco Santa Cruz SA by Banco Mercantil SA by the Bolivian – Brazilian Chamber of Commerce. In 2014 he was distinguished with the "Integral Entrepreneur CEAL" awarded by the Business Council of Latin America - CEAL, for innovative work in Social Responsibility.

He was also awarded the "Master de Oro” for his achievements in Senior Management, granted by the Real Forum, Spain (2015). Darko Zuazo B. attended at the University of Notre Dame, Indiana, USA, where he earned his undergraduate degree in Business Administration with a concentration in Human Resources and his Master’ s Degree in Business Administration with concentration in Finance (1989 -1995).

Carlos Ivan Lopez

Carlos Ivan Lopez

Head of Debt Capital Markets for Andean, Southern Cone, Central America and the Caribbean
Bank of America Merrill Lynch

Carlos Lopez is the Head of Debt Capital Markets for Bank of America Merrill Lynch in the Southern Cone, Andean Region, Central America and the Caribbean. Mr Lopez joined Merrill Lynch's Global Markets and Investment Banking group in 2007. Since then, Mr Lopez has worked in advising clients in the region in the structuring and placements of international capital markets issuances with primary responsibilities in the Southern Cone, Andean Region, Central America and the Caribbean and with a focus on Inaugural Debt Offerings for Sovereigns, Financial Institutions and Corporates

Prior to joining Merrill Lynch he was responsible for originating, structuring and supporting the development of structured finance transactions in the Southern Cone, Andean Region, Central America and Caribbean Countries for Citigroup. Mr Lopez has 19 years of experience with over 400 transactions executed in the international markets including most notably the Introduction of Bolivia to the International Capital Markets in 2012 and the subsequent International Sovereign Bond Issuances in 2013.

He also holds Bachelor’s degree in Civil Engineering and a Degree in Project Management from the Universidad Metropolitana in Caracas and a MBA in Finance from Michigan Business School

Van Rex Gallard

Van Rex Gallard

Vice President Sales Latin America, Africa and the Caribbean
Boeing Commercial Airplanes

Van Rex Gallard is Vice President of Sales for Latin America, Africa and the Caribbean for Boeing Commercial Airplanes.

Assigned to this role in February 2010, Mr Gallard is responsible for all airplane sales in the region, leading a team of sales directors and other sales and marketing professionals.  Prior to his current assignment, he served as Business Director for Latin America, Africa and Caribbean Sales for Commercial Airplanes. Before taking that role in 2006, he was Sales Director for Brazil, Argentina and Chile. From 1987 to 1999, Mr Gallard worked in a variety of roles at Boeing.  He began his Boeing career as a configuration engineer for the B-1B Bomber program. He joined Boeing Commercial Airplanes as an account manager for Customer Engineering, and then served as Regional Marketing Director for Sales for the Americas region, Sales Program Manager for the Americas region. Mr Gallard began his career with the Lockheed Corp. Mr Gallard left Boeing in 1999, working until 2001 as Director of Aircraft Sales and Leasing for Republic Financial Corp. In this role he marketed Republic’s airplane fleet, managed lease contracts, originated acquisitions and structured financing requirements.

From 2001 to 2006, Mr Gallard was Vice President of Marketing for GATX Air. In this role he was responsible for new business development, airplane acquisitions and sales, and the remarketing of airplane assets in the Americas and Australia.  

Mr Gallard graduated from the U.S. Merchant Marine Academy with a Bachelor of Science in Marine Engineering in 1982 and earned his MBA from Seattle University in 1987.

Jorge Calvo

Jorge Calvo

Director, Gastronomy & Franchises and Shareholder
Los Tajibos Hotel & Convention Center

Jorge Calvo Rojas is Director of Gastronomy & Franchises and Shareholder at Los Tajibos Hotel & Convention Center in Santa Cruz, Bolivia. Mr Calvo began studying Hotel & Restaurant Management at Glion Hotel School in Leysin, Switzerland. He holds dual degrees in Business Management (Entrepreneurship and Marketing minors) and Hospitality & Tourism Management from Purdue University in Indiana.

Mr Calvo began his career in the Hospitality industry at The Ritz-Carlton Hotel Company, joining their acclaimed Leaders’ Management Training Program. In Bolivia, Mr Calvo joined Los Tajibos Hotel & Convention Center, a 5-star independent 40-year old company with hotel, restaurant and catering business units. He continues to oversee the company’s gastronomic operations and expansion projects today.

Mr Calvo served as Vice-President of Santa Cruz’ Chamber of Gastronomic Business Owners. He is an active director and founding leader of MIGA, Bolivia’s gastronomic movement that seeks to position the country as a unique culinary destination. Mr Calvo is very involved in social responsibility, working actively with local producers and markets in terms of sustainability and tourism development.

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Chairs and Moderators (4)

Andres Schipani

Andres Schipani

Brazil Correspondent
Financial Times

Andres Schipani is the Brazil Correspondent for the Financial Times. Before moving to São Paulo, he was Andes Correspondent, covering covering Bolivia, Colombia, Peru, Ecuador, and Venezuela, as well as parts of the Caribbean. He has also worked in Miami and New York. A native of Buenos Aires, he was educated in London, Cardiff, and Oxford. He was also a fellow in business, economics and financial journalism at Columbia University.

John  Authers

John Authers

Senior Investment Commentator
Financial Times

John Authers has been the Financial Times’ Senior Investment Commentator, based in New York, since September 2014. He writes The Long View and Smart Money columns, which examine long-term market trends, and also presents the Authers’ Note daily stream of videos. Previously, he was the global editor of Lex, the FT’s flagship daily opinion column, and before that the FT's investment editor, introducing the popular daily Short View video, and taking a leading role in shaping the FT’s coverage of the global financial crisis. Mr Authers joined the FT in 1990 and during his career has also served as its US markets editor, Mexico City bureau chief, US banking correspondent, UK education and local government correspondent, and personal finance correspondent. In 2009, he was named senior journalist of the year by the Wincott Foundation, He also won Best in Business awards from the Society of American Business Editors and Writers in 2008 and 2010 for his online video reports, and has twice been named the UK’s investment journalist of the year for national newspapers in the State Street Institutional Press Awards. Mr Authers holds an MBA from Columbia Business School and an MS from Columbia School of Journalism as a Knight-Bagehot Fellow. He holds a degree in Philosophy, Politics and Economics from University College, Oxford.

John Paul Rathbone

John Paul Rathbone

Latin America Editor
Financial Times

John Paul Rathbone was appointed Latin America Editor in April 2010, having previously edited the FT's Lex column. He joined the FT in 2008 from Breaking Views, where he was a financial commentator for several years and founding correspondent. Prior to that, he worked at Reuters and the World Bank. Mr Rathbone is a graduate of Oxford University, where he read Anthropology, and Columbia University, where he earned a Master's in Economics. He became a senior member of St Antony’s College, Oxford, in 2006. He is the author of The Sugar King of Havana: the rise and fall of Julio Lobo, Cuba's last tycoon.

John Moncure

John Moncure

Director, Latin America and the Caribbean,
Financial Times

John M. Moncure is Director for Latin America & Caribbean for the Financial Times and involved in all aspects of commercial operations including institutional relations, special reports, advertising, conferences, syndication and content sales and print and digital circulation. Mr Moncure also co-manages Emerging Markets. He has been employed by the FT since 2005 and has worked with the company since 1998. Prior to this he was Managing Director for North America at Publicitas S.A. He holds degrees from the Thunderbird School of Global Management and the Colorado College, and has attended La Universidad Autónoma de Guadalajara and La Sorbonne. He serves on the boards of the Council of the Americas, the Brazilian-American Chamber of Commerce and WILL (Women in Leadership in Latin America).

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Photos from Summit

To view photos from this event, please click here.

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Venue

Four Seasons Hotel
57 East 57th Street
New York 10022

United States of America

Tel: +1 (212) 758-5700

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Agenda - 26th Oct

  • 8:00am
    Registration and Breakfast
  • 8:45am
    Welcome Remarks

    John M. Moncure, Director, Latin America and the Caribbean, Financial Times

    Chair’s Opening Remarks

    John Paul Rathbone, Latin America Editor, Financial Times

  • 8:50am
    Special Address followed by Q&A – State of the Bolivian Economy

    Luis Alberto Arce Catacora, Minister of Economy and Public Finance, Plurinational State of  Bolivia

  • 9:05am
    Panel Discussion – Commodities in Bolivia: Priorities, Policies and Opportunities

    Natural resources – including hydrocarbons, minerals and lithium- make up the central pillar of Bolivia’s economy and are a determining factor in the country’s economic, social and political life. Natural gas and minerals – which together account for around 70% of Bolivia’s exports – have been the main drivers of the country’s rapid economic expansion in the last decade. What opportunities have been created for national and foreign investors and how can they be exploited in the coming years? What progress has been made on the legal and regulatory frameworks and what have been the latest advances to ensure sustainability of production? What is the future of the natural gas and minerals sectors now that the commodities boom is fading?  

    Guillermo Achá, President and CEO, Yacimientos Petroliferos Fiscales Bolivianos YPFB

    Diego Diaz Baldasso, President, Repsol E&P Bolivia

    Carlos Ivan Lopez, Head of Debt Capital Markets for Andean, Southern Cone, Central America and the Caribbean, Bank of America Merrill Lynch

    Haruo Matsuzaki,Corporate Officer, Assistant General Manager for Americas, Sumitomo Corporationn and Senior Vice President and General Manager, Mineral Resources & Energy Group, Sumitomo Corporation of Americas

    Cathleen McLaughlin, Partner, Paul Hastings

    Moderated by:

    John Authers, Senior Investment Commentator, Financial Times

  • 10:05am
    10:05 Networking Break
  • 10:20am
    Special Presentation

    Rene Orellana Halkyer, Minister of Development Planning, Plurinational State of Bolivia  

  • 10:35am
    Panel Discussion – The Rise of Internal Demand in Bolivia: What is Next?

    Bolivia’s GDP per capita almost tripled in the past decade and more than 10 per of the country’s population was lifted out of poverty, fueling a consumption boom. In this session, business leaders, experts and financiers will reflect on the implications for economic and social inclusion of this newly found prosperity. They will also discuss the prospects and opportunities in key sectors including financing, retail, real estate, services and manufacturing. 

    Erich Arispe, Director, Latin American Sovereigns Group, Fitch Ratings

    Hernán Atella, General Manager, Cerveceria Boliviana Nacional (CBN)

    Jorge Calvo, Director, Gastronomy & Franchises and Shareholder, Los Tajibos Hotel & Convention Center

    Van Rex Gallard, Vice President Sales Latin America, Africa and the Caribbean, Boeing Commercial Airplanes

    Darko Zuazo Batchelder, Chairman, Banco Mercantil Santa Cruz

    Moderated by:

    Andres Schipani, Andes Correspondent, Financial Times

     

  • 11:35am
    Keynote Address followed by interview on stage

    Evo Morales Ayma, President, Plurinational State of Bolivia

    Interviewed by:

    John Paul Rathbone, Latin America Editor, Financial Times

  • 12:05pm
    Chair’s Closing Remarks

    John Paul Rathbone, Latin America Editor, Financial Times

  • 12:10pm
    Conference ends

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