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.
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.
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.
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.