Bolivia closed last year with a trade deficit of 65 million dollars and a drop of 1.91 billion dollars in exports, compared to 2019, according to the National Statistics Institute (INE). Last year, the country exported $7.01 billion, down 21.4 per cent on 2019 when sales reached $8.92 billion.
The rains have affected some 9,000 hectares of soybeans in the municipalities of Yapacaní, San Pedro, Fernández Alonzo, San Julián and El Puente. Source: El Deber
Bolivia has been going through the second wave of infections from the new coronavirus since the end of last year, with more than 2,000 cases a day, something that had not happened since July and August, even exceeding that first stage. The latest data from the Ministry of Health show 2,655 new infections, which raises 193,745 confirmed cases with a curve that shows a marked rise in positives for days in this country, of about eleven and a half million inhabitants.
Faced with the effects of Covid-19, insurance companies are limiting underwriting and applying greater rigour in the sale of life insurance. In a scenario marked by many deaths, the value of premiums in some cases tripled. The National Tax Service (SIN) issued a regulation increasing the Corporate Income Tax (IUE) from 25 to 50 per cent for companies in the financial sector.
Silver Elephant Mining Corp announces that a 2,300-meter drilling program has commenced at its 100% owned Sunawayo silver lead zinc project ("Sunawayo") in central Bolivia. It is the first-ever drilling campaign in history at Sunawayo, acquired by Silver Elephant in September 2020. Since that time the Company has collected over 900 samples along an 8 km strike length. Over 86% of those samples returned silver assay results grading from 1 g/t to 458 g/t. These results demonstrate extensive near-surface silver mineralization at Sunawayo.
Around 25,000 families living in rural areas of the country's nine departments will have access to resources to finance their productive enterprises. The national government is beginning to make economic resources available on a subsidised basis to those producers who have good ideas, who have assured markets and who can develop enterprises that boost the … Continue reading Twenty-five thousand families will have access to resources for productive enterprises
From trade unions to large employers, grouped in more than a dozen institutions, on Wednesday rejected a return to a rigid quarantine in the face of the resurgence of coronavirus cases. The sectors assured that new restrictive measures would cause the loss of more than 500,000 direct and indirect jobs.
The return of pension contributions managed by the pension fund administrators (AFPs) Futuro de Bolivia and Previsión BBVA, will inject up to $1.2 billion into the economy. This amount represents 5.9% of the money managed by the AFPs, most of which invested in the stock market.
A bill to return contributions of the Pension Fund Administrators (AFP), allows withdrawal of funds in a maximum range of 15% to 100%; but establishes exclusions for six groups, including those who are working in the public or private sector and those who have accumulated more than 100,000 bolivianos ($14,347). The bill is in the Legislative Assembly for debate and analysis.
The insurance sector registered an annual growth of 3.70%, lower than the previous period which reached 13.94%, as indicated by the conclusions of the Analysis of the Bolivian Insurance System carried out by the rating agency Moody's. Source: El Deber