Bolivia’s international reserves reduced 42% since 2014, from $US15,478 million to $US8,946 million, according to the Bolivian Central Bank (BCB). Although the sharp fall, President Evo Morales insisted that the international reserves are still the highest in South America as a percentage of the Gross National Product (GNP). They represent 21.4% of Bolivia’s GNP, against 21.2% in Peru and 17.8% in Brazil.
The leaders of Brazil and Argentina resolved yesterday in Brasilia to promote a free trade agreement with the European Union (EU). Bolsonaro, who came to power on January 1, underlined his desire to “strengthen” ties with Argentina, one of Brazil’s main economic partners, and expressed his conviction that relations between the two countries will continue on the right track.
Multilatina Alicorp – a Peruvian mass consumer company – announced its intention to merge, under the same corporate name, Alicorp Bolivia and the recently acquired Industrias de Aceite and Sociedad Aceitera del Oriente. Read more Source: El Deber
The lawyer Jaime Daniel Burgoa denounced that in the Antay Pacha metallurgical plant, property of China Natural Resources Inc., the workers are forced to sign their work contracts in the Mandarin language, which causes abuses by the employer, as well as unjustified dismissals.
Eight municipalities in Santa Cruz are affected by heavy rains that have been registered in the department for weeks. These climatic problems are hitting hard the agri-sector, since they are already around 3,705 hectares of crops of corn, sorghum, peanuts, among others that are already harmed, according to the report of the Association of Municipalities of Santa Cruz.
The Ministers of Development Planning and Environment, Mariana Prado and Carlos Ortuño, respectively, and the Ambassador of the Kingdom of the Netherlands, Wiebe de Boer, signed a donation agreement of 3.3 million euros for the rehabilitation of the Pampahasi Water Treatment Plant. The donation is part of the Financing of Projects for Social Development, with funding from the Netherlands for the construction of public infrastructures in the sectors of food security, water, climate, health and reproductive rights.
Bolivia is advancing its negotiations to sale Liquefied Petroleum Gas (LPG) to Peru and at least 4 million cubic meters a day (MMm3d) of natural gas to Paraguay, says the Minister of Hydrocarbons, Luis Alberto Sánchez.
Brazil’s national oil agency indicated that gas imports decreased from 33 Mcmd (million cubic metres per day) in 2014 to 26 Mcmd in 2018.
The government signed a contract with the Canadian New Pacific to exploit important silver deposits in Potosí. An initial investment of $US 6 million is estimated, with the aim of producing about 10,000 tons of silver oxide per day.
There are signs of significant gas reserves in geological formation of Huamampampa in the regions of Santa Cruz, Chuquisaca and Tarija, announced the government. Hydrocarbons Minister, Luis Alberto Sánchez, said that after having exceeded the 7,800 meters of drilling there are strong indications of the existence of a “sea of gas”. However, gas analysts warned that at that depth the results of production tests should be expected to determine profitability.