The president of the National Chamber of Customs Brokers (CNDA), Antonio Rocha, mentioned that the annual movement for exports and imports is at least 20 billion dollars, and this year there will be a direct impact of approximately 1.5 billion , that is, 7.5 percent. Read more Source: Los Tiempos
The Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco) raised an economic agenda for the Executive to promote Bolivia, with three lines of action: macroeconomic stability, sectoral revival and business support. Read more Source: El Deber
Brazilian company Petrobras announced that it is possible to reduce its natural gas import contract from Bolivia to a volume of 12 million to 20 million cubic meters per day (MMm3/d). Thus, the company needs to sign an annexe with Bolivian Fiscal Oilfields (YPFB).
On Bolivia, Moody's reported : GDP growth will slow due to increased political risks. Fiscal deficit and foreign exchange buffers may continue to deteriorate as budgetary and current account deficits remain large. This situation, in turn, will affect banks' business prospects and put pressure on the risk of their assets and financing and liquidity profiles. The rating agency noted that loan mandates and interest rate limits would limit the ability of financial institutions to set risk prices appropriately.