With another presidential election on the horizon in 2019, Bolivia's ruling coalition is once again pushing for President Evo Morales' re-election. In February, Bolivians voted by a narrow margin to prohibit Morales from seeking a fourth term as president. Less than four months later, the Six Federations of the Cochabamba Tropics -- a group of coca producers led by Morales -- called for a national referendum to put the president's eligibility for office to another public vote. Officials from the ruling coalition are now considering a formal request for a new referendum.
Before a new referendum could be held, the coalition's request would need to clear several legal hurdles. If Bolivia's constitutional court and legislature approve the referendum request, then the matter may return to a national vote. And if Morales wins another election, Bolivia will likely remain a difficult place for companies to do business....