Lankan Ranger
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China financed US$40 million to the Bolivian Army
China's government financed $ 40 million equipping of six battalions of Army engineers Bolivia, today announced President Evo Morales to commemorate the anniversary of an institution of the Armed Forces.
The president said at the military ceremony held in the city of Cochabamba, which this week approved a decree that Bolivia acquires the loan from China for the purpose of equipping the military engineers of La Paz, Tarija, Cochabamba, Pando and Oruro .
The loan of $ 40 million be granted by the Export Import Bank of China and will be used to build the facilities for national and international roads in the country.
In addition to this support, China is assisting Bolivia in the construction and commissioning in orbit its own satellite.
Morales attended the anniversary of the Corporation of the Armed Forces for National Development (COFADENA), an entity that carries out productive activities, but currently suffers a lack of resources.
Morales blamed the "neoliberal" the situation of "bankruptcy" of the production facility of the armed forces and promised to give more support to strengthen its growth.
epa - european pressphoto agency: China financiará con 40 millones de dólares equipos para el Ejército boliviano
China's government financed $ 40 million equipping of six battalions of Army engineers Bolivia, today announced President Evo Morales to commemorate the anniversary of an institution of the Armed Forces.
The president said at the military ceremony held in the city of Cochabamba, which this week approved a decree that Bolivia acquires the loan from China for the purpose of equipping the military engineers of La Paz, Tarija, Cochabamba, Pando and Oruro .
The loan of $ 40 million be granted by the Export Import Bank of China and will be used to build the facilities for national and international roads in the country.
In addition to this support, China is assisting Bolivia in the construction and commissioning in orbit its own satellite.
Morales attended the anniversary of the Corporation of the Armed Forces for National Development (COFADENA), an entity that carries out productive activities, but currently suffers a lack of resources.
Morales blamed the "neoliberal" the situation of "bankruptcy" of the production facility of the armed forces and promised to give more support to strengthen its growth.
epa - european pressphoto agency: China financiará con 40 millones de dólares equipos para el Ejército boliviano
