Guarantee funds for productive loans and social housing reached $427mn

The Government set for this year, a contribution of between 2% and 4% of the profits of the financial institutions to the Guarantee Funds for productive loans and social housing. Within this framework, these funds already have $US 427 million. By 2020, commercial banks will contribute with 2% of their 2019 profits and SMBs banks will contribute with 4%.

Gas, gold and zinc reached 66% of exports in 2019

Natural gas, gold and zinc accounted for 66% of Bolivia's exports in 2019; between the three added sales worth $5.8 billion of the total traded, according to the Bolivian Institute of Foreign Trade (IBCE), based on data from the National Statistical Institute (INE). This year, the country expects to improve domestic foreign trade with the export liberation of agricultural products and their by-products.

ACI Systems seeks to save lithium business for $2.2 bn in Bolivia

In 2017 Bolivian Lithium Sites (YLB) awarded German ACI Systems a contract for the exploitation of Bolivian lithium from the Salar de Uyuni in Potosí and created the joint venture YLB (51%) – ACISA (49%). The German company offered to fund for an industrial complex consisting of three plants: one of lithium cathode materials, another for battery production and a lithium hydroxide factory totalling $1,8 bn. The Bolivian state would receive 68% of the three plants annually, a total of $1.5 bn and ACI Systems would receive $717 million. On December 7, 2018, the Bolivian government issued Supreme Decree 3738 that formed the joint venture but abrogated it on November 2, 2019. ACI Systems maintained that it wants to resolve the conflict.