177 companies participate in Bolivia’s 1st International Supply Chain Fair

The National Chamber of Commerce (CNC) is organising the "International Supply Chain Fair", with the aim of strengthened Bolivia's international trade. The event will take place the 6th and 7th of February and will bring together 177 companies between providers and requesters from the US, Colombia, Ecuador, Brazil, Peru, Chile, Argentina and others. The fair will create a platform to promote Bolivia's products and services, explained Mauricio Ortega, Marketing Manager of the CNC.

YPFB only demanded 31% of the ethanol it promised to buy from the sugar mills

Bolivia's YPFB had to buy 150 million litres of anhydrous alcohol (ethanol) from sugar mills in 2019, but only acquired 47 million or 31%. Although the non-compliance created economic problems, sugar mills are still betting on the project, hoping that the State-owned company will buy the full volume committed for 2020, which will increase by a range of 7 and 33%.

Pension funds increase portfolios by 11.6% to $19.1bn

As of December 31, 2019, the portfolio of pension funds (AFP) increased by 11.56% compared to December 2018 as a result of investments in the financial system. AFP Prevision forecast yield rose from 1.59% to 4.87% and AFP Futuro yield increased from 1.73% to 4.71%. The value of the funds in both firms adds $19.1 billion. The number of Individual Capitalization Fund affiliates in 2019 increased by 3.74% to 2.3 million beneficiaries.