State owned YPFB and other operators in Bolivia plan to invest $452 million in exploration. The sector also plans to invest this year $221 million for exploitation. The investment will allow the operation of 12 exploratory wells.
The number of international tourists in Bolivia in 2019 grew by 5% compared to 2018, according to the Instituto Nacional de Estadística (INE). In 2018, 2.12 million foreign visitors arrived in the country, while in 2019, 2.23 million visited Bolivia.
Bolivia’s state-owned BoA plans to invest $18 million this year as part of its renovation program. BoA’s manager, Juan Carlos Ossio, said that seven new aircraft are expected to be incorporated this year.
Farmers in at least 46 municipalities reported to the Instituto Nacional de Seguro Agrario (INSA) more than 13,000 hectares of crops damaged by climatic effects such as hail, frost and flooding. For the 2019-2020 agricultural season, INSA registered 119 municipalities and more than 226,000 hectares of crops covered by the insurance. The state institution covers up to 1,000 bolivianos ($144.8) per hectare lost.
A Bolivian trade mission, led by the Bolivian Forestry Chamber (CFB), closed a $5 million deal in principle with timber importers in China. Chinese importers showed interest in sheet wood, sawn wood and other forest products.