Month: Jan 2020

The US restores aid to Bolivia

The President of the United States, Donald Trump, announced that the restrictions of aid to Bolivia were lifted. The aid will begin on the 2020 fiscal year (from 1 October 2019 to 30 September 2020). The US restricted aid since 2017 after consider that the country was failing in its anti-drug policy.

Bolivia to hold new presidential election

Bolivia will hold a new presidential election on May 3 and political parties have until February 3 to present their candidates. The current elections will replace the one annulled last year amid allegations of fraud and forced the resignation of Evo Morales to the presidency.

Bank deposits fell from 65 to 61% of Bolivia’s GDP

Bolivia’s bank deposits dropped from 65% of the GDP in 2018 to 61% in 2019, while loans grew from 62% to 64% of the GDP, according to the Industry and Commerce Chamber of Santa Cruz (CAINCO). According to the government, bank deposits reached up to November 2019 $25.4 billion while loans were $26.5 billion.