The manager of Santa Cruz Agricultural Chamber (CAO), Edilberto Osinaga, reported that climatic phenomena, such as droughts and floods, have not affected even 1% of the crops in the country and that supply is guaranteed. The current cultivated area in the country reaches 2.7 million hectares. According to data from the National Institute of Agrarian Insurance, rains and droughts have affected some 15,000 hectares of crops.
The epidemic of the coronavirus and the social conflicts that occurred during the past administration in the country caused foreign tourists to suspend their visit to the Oruro Carnival. The department’s Hotel Chamber only managed to fill 50% of its accommodation capacity and estimates an economic loss of almost $30 million, reported its president, Fernando Rodriguez.
There are 329,025 companies operating in Bolivia, 3.7% more than in January 2019, when a total of 317,314 companies were registered. According to Fundempresa, La Paz has the largest share with 30.9%, followed by Santa Cruz with 29.2% and Cochabamba with 17.2%, and the rest is distributed among Tarija (5.1%), Oruro (4.8%), Potosi (4.4%), Chuquisaca (4.1%), Beni (3.1%) and Pando (1.1%).
In 2019, the Latin American Development Bank (CAF) disbursed US$ 32.9 million to promote and stimulate the ecosystems of microfinance institutions in Bolivia, thereby improving the country’s financial inclusion and productivity.
The soybean has been trading at $335 per ton, placed in Rosario (Argentina), but because of the coronavirus the international price has dropped between $5 and $7 per ton. China is the largest buyer of soybeans worldwide, with about 70%, but the appearance of the coronavirus has affected demand in this market.