independent

Friday 25 April 2014

Ponchos boost president's wealth

Boliviam president Evo Morales wearing the type of poncho he claims has boosted his personal wealth (AP)

Bolivian president Evo Morales says his personal wealth has jumped by about £63,000 since taking office - thanks to all the gift ponchos he has received.

The leftist leader said he has been given some 500 hand-made ponchos, which he estimates cost about £125 a piece.

Controversy has simmered around reports of Mr Morales's personal wealth ballooning while in office. Official filings show his declared assets increasing from £150,000 when he took office in 2006 to £245,000 in October.

Known as the country's first indigenous president, Mr Morales earns an annual salary of £17,600. He remains one of the region's lowest paid presidents.

Mr Morales said he is not to blame for receiving gifts from the public.

Press Association

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