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Bolivia Económica

Bolivia Económica aims to promote responsible cross-border trade & investment by facilitating the transparent flow of information to and from Bolivia.

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Day: Nov 29, 2019

BCB issues resolution to grant liquidity to the system

The Central Bank of Bolivia (BCB) on Wednesday issued a resolution seeking to give liquidity to the financial system in the short term. One of the measures detailed in the document states that the base rate will be 3% in the auction modality.

Posted on Nov 29, 2019 by asouvironPosted in Macroeconomy/Finance

Bolivia’s trade deficit reached $748 mn at end-October

Bolivia's trade deficit reached $748 million, reported the Bolivian Institute of Trade (IBCE). As to October 2019, exports reached $7.3 billion while imports reached $8.1 billion. The main markets for exports were Brazil, Argentina, Japan, India, Colombia and the US. Imports came mainly from China, Brazil, Argentina, Peru, the US, Chile and Japan.

Posted on Nov 29, 2019Nov 29, 2019 by asouvironPosted in Macroeconomy/Finance

42% of Beni’s land will be use for agribusiness

The new Soil Use Plan Act for the department of Beni, in the East of Bolivia, states that 42% of the region's land will be earmarked for agribusiness. The act, signed by the regional government, has generated several critics, as it prioritises agricultural land and it has not been concerted with the indigenous sector.

Posted on Nov 29, 2019Mar 22, 2020 by asouvironPosted in Macroeconomy/Finance

YPFB aims to find new gas reserves to keep with Brazil and Argentina’s demand

The president of state-owned YPFB, José Luis Rivero, said that the priority for the company is to find new gas reserves to keep with Brazil and Argentina's demands and develop new markets. Rivero appointed six new technical authorities to achieve this objective.

Posted on Nov 29, 2019Mar 22, 2020 by asouvironPosted in Macroeconomy/Finance

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