Pension funds reached $19 billion

Deputy Minister of Pensions and Financial Services Osvaldo Jáuregui reported that the pension system funds administered by the AFPs reached $19 billion. The Government also announced that will end permanently the $10.9 million contract with Colombia's Heinsohn Business Technology, which was hired to design software for the state-owned Long Term Social Security management company.

Bolivia ends 2019 with the highest fiscal deficit in 17 years

Bolivia will end 2019 with the highest fiscal deficit in 17 years, at 9% of the Gross Domestic Product (GDP), according to the Commerce and Industry Chamber of Santa Cruz (CAINCO). A fall on tax collection and state incomes are the main reasons for the deficit. According to the Jubilee Foundation, hydrocarbon revenues fell by 18% while tax collections reduced by 3.5%.

Bolivia has the highest mobile internet fare

Bolivia has the highest mobile internet rate in South America, with an average of $8.41 per gigabyte (GB), Chile has the lowest cost at $1.87 per GB, according to the global ranking prepared by the international portal, based on collection and analysis of 6,313 mobile data plans in 230 countries.

Miners demand bid for international tender for Mallku Khota mine

The mining workers of Mallku Khota, in Potosí, demanded the Minister of Mining, Carlos Huallpa, to reactivate the deposit by bidding a foreign company for a tender. According to reports, the value of the polymetallic mine is $8.887 billion. The Government requires $620 million to activate the Comibol-managed project. The minister asserted that the request would carry out to lead the project and pave the way.

Bolivia has the fifth-highest salary in Latin America but very little productivity: CNI

The president of the National Chamber of Industries (CNI), Ibo Blazicevic, called for freezing the national minimum wage in 2020 and only negotiating the increase in the basic level, based on inflation recorded in the current period. He added that Bolivia has the fifth-highest salary in the region; it is a high cost for labour with very little productivity.

Bolivia expects hopes to guarantee $5 billion income from gas sales to Brazil

Bolivia could keep open the Brazilian market for Bolivian natural gas for the next 3 or four years. The contract with Brazil should finish at the end of this year. The Hydrocarbons Minister, Victor Hugo Zamora, said that they expect to signed an addendum to the contract in the next 70 days that will define the shipments to the gas still not taken by Brazil (around 12 months) and also it guarantees an income of around $5 billion for Bolivia.