Day: Dec 9, 2019

International reserves fell $2.2 bn in 2019 and are at their lowest level since 2008

By asouviron on Dec 9, 2019

Bolivia’s international reserves are at their lowest levels since 2008, falling from $8.9 billion in December 2018 to $6.7 billion as of 7 November 2019. At the end of 2008, Bolivia’s international reserves reached $7.7 billion. The decline in reserves is the result of the country’s trade deficit, according to economic analyst Rene Martinez from the Jubileo Foundation.

Of 59 oil & gas fields in Bolivia, 41 are declining

By asouviron on Dec 9, 2019

Of 59 operating fields in Bolivia, 41 are in decline, according to data from State-owned YPFB. Between 2006 and 2018, oil revenues reached $37.5 billion, while investment on exploration reached $2.5 billion.

BancoSol raises fix income deposit rate to 5% to incentivise savings

By asouviron on Dec 9, 2019

BancoSol will raise its fix income deposit rate to 5% to incentivise savings and have enough resources to support micro and small businesses in Bolivia. The new rates will run throughout December, and the term will be equal or greater than 370 days with a minimum deposit of $10,000.

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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.

Day: Dec 9, 2019

International reserves fell $2.2 bn in 2019 and are at their lowest level since 2008

Of 59 oil & gas fields in Bolivia, 41 are declining

BancoSol raises fix income deposit rate to 5% to incentivise savings