Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 06LAPAZ2457, GOB REVISES NATIONAL DEVELOPMENT PLAN

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #06LAPAZ2457.
Reference ID Created Released Classification Origin
06LAPAZ2457 2006-09-11 20:50 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy La Paz
VZCZCXYZ0022
PP RUEHWEB

DE RUEHLP #2457/01 2542050
ZNR UUUUU ZZH
P 112050Z SEP 06
FM AMEMBASSY LA PAZ
TO RUEHC/SECSTATE WASHDC PRIORITY 0500
INFO RUEHAC/AMEMBASSY ASUNCION 6086
RUEHBO/AMEMBASSY BOGOTA 3405
RUEHBR/AMEMBASSY BRASILIA 7257
RUEHBU/AMEMBASSY BUENOS AIRES 4521
RUEHCV/AMEMBASSY CARACAS 1786
RUEHPE/AMEMBASSY LIMA 1821
RUEHMN/AMEMBASSY MONTEVIDEO 4000
RUEHQT/AMEMBASSY QUITO 4421
RUEHSG/AMEMBASSY SANTIAGO 8990
RHEHNSC/NSC WASHINGTON DC
RHEBAAA/DEPT OF ENERGY WASHINGTON DC
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS LA PAZ 002457 
 
SIPDIS 
 
SENSITIVE 
SIPDIS 
 
STATE FOR WHA/AND 
TREASURY FOR SGOOCH 
ENERGY FOR CDAY AND SLADISLAW 
 
E.O. 12958: N/A 
TAGS: ECON EFIN BL
SUBJECT: GOB REVISES NATIONAL DEVELOPMENT PLAN 
 
REF: A. LA PAZ 2197 
     B. LA PAZ 279 
     C. LA PAZ 1614 
 
1. (SBU) Summary: The GOB is revising its National 
Development Plan (NDP) based on suggestions from businesses 
and social organizations and conducting a debt sustainability 
analysis with German aid.  It appears that the National 
Development Bank will likely be a second-tier institution, 
but with "parallel" GOB direct-lending efforts.  The 
government announced the formation of a second-tier system in 
June with an initial USD 100 million grant from Venezuela. 
However, Venezuela purchased a large share of Bolivia's 
state-owned Union Bank, which may become part of the 
second-tier system or may supplant it as a direct lender.  In 
addition, according to the Vice Minister of Industry, 
Venezuela granted a second USD 100 million which the Ministry 
plans to lend directly to small businesses based on political 
criteria.  The GOB's desire to incorporate business feedback 
into the NDP, define its vague terms, and consider the 
realistic financial constraints on the plan are positive 
steps.  However, the government's political-based, first-tier 
lending plan represents a worrisome trend.  End summary. 
 
GOB Revises National Development Plan 
------------------------------------- 
2. (U) The GOB announced on August 31 that it is making 
changes to its National Development Plan (NDP) based on 
suggestions from businesses and social organizations and that 
a new, more detailed version of the plan would be released 
the third week of September.  Planning Minister Carlos 
Villegas told the press that three aspects of the plan would 
be refined, including the Development Bank and production 
programs.  The Planning Ministry is conducting an external 
debt sustainability analysis with support from the German 
government to ascertain the amount of financing required to 
meet the Millennium Development Goals "within the framework 
of the NDP."  The study is scheduled to be completed in 
November, in advance of the donor consultative group meeting 
scheduled for February 2007. 
 
Second Tier National Development Bank 
------------------------------------- 
3. (SBU) The original National Development Plan stated that 
the GOB would create a second tier development bank that 
would channel loans to small businesses via existing 
financial institutions, but that if that plan did not produce 
satisfactory results, a first tier development bank would be 
instituted to lend directly to clients.  The GOB announced in 
June that it had established a second tier system, which 
would channel funds through an existing state financial 
entity (NAFIBO) with initial financing of USD 100 million 
granted by Venezuela (ref C).  The press reported on 
September 11 that the National Development Bank would be 
formed by fusing three state financial entities already in 
existence (NAFIBO, FONDESIF, and FNDR), which would channel 
capital from the state to small businesses. 
 
Venezuela Purchases Shares of Union Bank 
---------------------------------------- 
4. (SBU) Meanwhile, embassy contacts informed us that 
Venezuela purchased a large percentage of the Bolivian 
state-owned Union Bank.  Union Bank published its strategy in 
late August stating that it would divide the bank into two 
units -- one for traditional business and one devoted to 
development.  It indicated that the development unit, with 
state capital and bank profits, would work through 
microfinance NGOs to on-lend.  However, the bank's strategy 
is dependent on GOB approval, and it remains unclear what the 
government's intentions are with respect to the structure of 
the development unit of Union Bank, i.e. whether it will be 
first-tier or second. 
 
Parallel Direct-Lending Effort 
------------------------------ 
5. (SBU) According to the Vice Minister of Industry, the GOB 
has received another USD 100 million grant from Venezuela to 
fund small business production, which is a "parallel effort" 
to the national development bank.  (Note: This USD 100 
million is in addition to the previous Venezuelan pledge of 
USD 100 million that the GOB is using to fund a second tier 
development bank (ref C).  End note.)  The Vice Minister 
explained that 45 businesses have already been selected by 
the GOB for political reasons to receive loans which will be 
handed out directly by the Minister of Production, rather 
than channeled through a formal financial institution.  The 
loans will have two-year grace periods, ten-year repayment 
periods, low interest rates of around five percent, and 
either lax or no collateral requirements.  The 45 chosen 
businesses are in the quinoa, soy, honey, textiles, tourism, 
wood, leather, and jewelry sectors.  Given the lack of credit 
checks and the soft conditions of the loans, repayment rates 
are likely to be poor. 
 
6. (SBU) Comment: The GOB's desire to incorporate business 
feedback into the NDP, define its vague terms, and consider 
the realistic financial constraints on the plan are positive 
steps.  The GOB's indications that the National Development 
Bank will be a second-tier institution is also positive, 
because, as noted previously (ref B), a second tier 
development bank that provided capital to lenders would do 
less harm to the financial system, particularly microfinance 
institutions, than a first tier institution that lent 
directly to clients.  However, the government's "parallel 
effort" of political-based, first-tier lending sets a 
worrisome precedent.  End comment. 
GREENLEE