Due to the presence of the Covid-19, the restrictions in Argentina and the lack of return cargo, national carriers prefer not to travel and take care of their health, so banana exports fell by more than 60%. The economic damage amounts to an estimated three million dollars. In 2019 banana exports fell 10% in value and 8% in volume compared to 2018. In January 2020 the figure had a 10% drop in value. In Chapare, there are 7,800 hectares of bananas, and the national banana competes with Brazilian, Paraguayan and Ecuadorian fruit.
Day: Mar 30, 2020
Mining exports drop 30% and put 50,000 jobs at risk
Mineral exports fall more than 30% in 2020, due to low Chinese demand as a result of the coronavirus. The situation becomes worse by the reduction in international prices and threatens 50,000 cooperative miners who could become unemployed. Bolivian gold exports reached only $0.4 million in January 2020, the volume of minerals exported fell by 16%, and exports to China fell by 15.2%.
BCB approved two operations for $1,505 mn
Given the health emergency that the country is experiencing due to the coronavirus, the Central Bank of Bolivia (BCB) approved two operations between Tuesday and Friday for a total of Bs 10.476 billion, about $1.505 billion at the current exchange rate.
BCB loan for coronavirus lowers NIR to slightly more than $5,000 mn
The "health emergency" loan of one billion dollars (Bs 7 billion) issued by the Central Bank of Bolivia (BCB) to deal with the effects of the coronavirus would leave our NIR bordering on five billion dollars, since according to the most recent BCB report as of March 12, 2020, it showed a level of reserves of $6.29 billion.
Government issues extension of due date for filing and payment of taxes
The Executive President a.i. of the National Tax Service, resolved to extend the deadline for the payment of tax obligations, through a resolution, until the period from April 30 to May 29, depending on the formalities to be presented.
