Bolivia will be able to export electricity to Argentina only for three months a year

Bolivia will be able to export electricity only three months a year to Argentina, in winter times, and it will have to compete with suppliers from Brazil, Uruguay and Chile, said the Strategic Development Manager of the National Electricity Company (ENDE), Jose Padilla Rojas. The project to export Electricity to the north of Argentina has received an an investment of $25 million and will exceed $33 million when the construction of the transmission line is finished.

Bolivia’s Net International Reserves (RIN) continue to fall

The level of Bolivia's Net International Reserves (RIN) continues to decline and reaches six months of imports. Data from the International Monetary Fund (IMF) and the World Bank in 2018 reveal the following for the region: Brazil is the country with the most RIN, with reserves enough for 13.6 months of imports. Follow Peru (11.1), Uruguay (10.3), Bolivia (7.8), Colombia (7.1), Argentina (7.1), Paraguay (6), Chile (4.5), Ecuador (0.9) and Venezuela, which has no information available. Bolivia's RIN continued to fall last year to $ 6,468 million (about six months of imports), according to a report by the Central Bank of Bolivia (BCB).

Banks raise the interest rate for deposits

Banks increased interest rates for Fixed Term Deposits (DPFs) to 5.8% and savings banks up to 5%. This service is in effect for a limited time to access these benefits. Attractive rates respond to the economic growth of recent years in Bolivia, which means that more people opt for DPFs as natural and legal people manage more significant amounts of cash resources.