Macroeconomy/Finance

Oil fall will generate an impact of $578.8 million

The significant drop in international oil prices that will affect the value of Bolivia’s natural gas exports is expected to fall by some $850.5 million, 2% of GDP, by 2020. In the case of oil imports, the State expects savings of $271.7 million, 0.7% of GDP. The net impact would be a decrease of 1.3% of the GDP, in value of $578.8 million. The president of YPFB asked sub-national governments to re-evaluate their projects.

Source: El Deber