The Bolivian President Evo Morales has declared that Iran is planning to launch a TV station to cover the audience in Latin America.

Morales said the TV station is to be for “all of Latin America," AP reported.

A presidential spokesman later confirmed that the channel, still in its planning stages, would be sponsored by Iran.

Morales' announcement came following his re-election as president of Bolivia's largest and most powerful coca growers union, based in the stretch of Andean foothills known as the Chapare, where the TV station is to be operated.

MGH/BGH