Bolivia has 12 international air routes but will look to consolidate the aeronautical sector and expand. To that aim, the Government organises this Tuesday a National Air Forum with the participation of public and private actors.
The European Union (EU) on Monday donated EUR 27 million ($29.2 million) to Bolivia to strengthen the fight against drug trafficking and enhance water and sanitation in the country.
The fall in the international price of oil caused by coronavirus will have negative consequences in Bolivia, as the country depends on 60% of the revenue from the sale of natural gas and the price of gas indexes to the cost of oil. The addendum to be signed by YPFB and Petrobras envisages a reduction in export volumes by 35%. According to the Public Accountability Report of the Ministry of Hydrocarbons, oil revenues between January and November 2019 reached $1.84 billion.
BISA Bank portfolio grew by $ 140 million in 2019. By 2020 they schedule growth of at least $150 million focused on the productive sector, micro-enterprise, small and medium-sized enterprises, natural people and large companies.
Gold mining in Bolivia threatens forest sustainability, including chestnut exploitation, by the use of mercury and deforestation involving its exploitation outside rivers. Gold production expands in the brazil nut municipalities of Riberalta, which in 2014 recorded an income of $98.9 million per 2,423 kilos of gold; Guayaramerín with $88.1 million for more than 2,156 kilos; Puerto Gonzalo Moreno obtained $7.2 million with 175 kilos; in addition to other locations in Pando.
Bolivia’s financial system profits in 2019 and grew by $328.6 million, the Financial System Authority (ASFI) reported. Although people made several moves during the October and November conflicts, the public continues to rely on banking.
Diesel and gasoline are the main import products in Bolivia. In 2019, the import of diesel reached a new record totaling $992 million, the main suppliers being Argentina with a 31% partition, followed by Chile with 27% and Switzerland with 13%. The import of gasoline reached a new record with $563 mn dollars, having as main countries of origin Argentina with a share of the total of 28%, Russia with 11% and Singapore with 10%.
In six years, the Tupac Katari satellite (TKSAT-1) covered just 25% of the credit the state obtained for its construction and implementation: $44.3 million is from the Nation’s General Treasury and $251.1 million is Chinese credit. The final cost was $302 million. It currently operates at 66% capacity. The Bolivian Space Agency (ABE) noted that the revenue generated by the satellite was $102.2 million and that the company has an economic deficit, so it is started an audit.
The Ministry of Hydrocarbons ruled out moving or closing the ammonia and urea plant, a transfer of the plant would represent severe economic damage to the state, costing $400 to $500 million. The plant provides work to 450 people, so it is proposed that it re-enter into operation to supply the domestic market and resume exports to markets with signed sales contracts.
The Bolivian Highway Administrator (ABC) reported that the State Attorney General’s Office (PGE) is willing to assist in the legal defence of 13 contentious processes with construction companies and consultants. The economic damage to the state is $30.3 million, due to administrative negligence in four projects: San Buenaventura-Ixiamas; Santa Barbara Caranavi-Quiquibey; Huarina-Tiquina; and Quiquibey-Yucumo.