Bolivia is seeking to raise between $500 million and $800 million in 2012 from its first issue of international debt sale, Reuters reports. The government's budget bill for the next year foresees economic growth of 5.5 percent next year and inflation of 5.0 percent. The South American country will use the bond issue proceeds for a $17 billion investment for infrastructure and industrialization projects over the next five years.

Bolivia in recent years has benefited from high prices for its commodities exports, especially natural gas. The country is aiming to bounce back into international markets with the note sale.

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