UN calls for more financial aid for landlocked countries such as Bolivia

The United Nations on Thursday demanded further assistance to facilitate the development of landlocked countries, such as Bolivia and Paraguay, which face particular difficulties over their geographical situation in combating poverty. The UN General Assembly adopted a declaration calling for more financial support for these nations and more cooperation to facilitate their access to international trade.

Bolivian government is considering returning $449 mn of unused funds

The Government is considering returning $449 million (as at end-November) which had been allocated to the hydrocarbon exploration fund, in force since December 2015. The Incentives Act (Ley de Incentivos) will not be overturned, but the Government will assess whether or not the funds were or will be deployed. The funds were initially taken from regions, universities and others.

Entel reduces internet tariffs by 41%

Since December 2, the Internet rates of the Home Plan of the State – Owned National Telecommunications Company (Entel) have dropped by at least 41%, thanks to the implementation of a fibre optic system that will save $12 million in operating costs.

Bank deposits decreased 1.04% in October to $25.9 billion

Deposits in the financial system decreased 1.04% in October, from Bs.180,683 billion ($26.2 billion) to Bs.178,801 billion ($25.9 billion) according to data from the Bolivian Financial Authority (Asfi). October has been marked in Bolivia by political uncertainty and social unrest after the election of 20 October.