Mineral exports are expected to fall by more than 30 percent by 2020 due to low Chinese demand as a result of the Coronavirus. This situation, which is aggravated by an extraordinary reduction in prices, threatens approximately 50,000 cooperative miners who could become unemployed.
After the international cargo transport sector declared an emergency due to the closure of the border with Chile in Oruro, the Administration of Port Services-Bolivia (ASP-B), guaranteed the movement of cargo through the Chungará-Tambo Quemado border crossing. During this week four vessels with approximately 1,250 containers with import cargo to Bolivia will arrive.
The European Union committed a disbursement of 5 million euros for the coronavirus emergency in the country. It increases international aid to the Bolivian state, which has already received support from Italy for 21.5 million euros and China, which has donated a kit of 20,000 viral tests and five respirators, as well as 100,000 masks. Also, during the appearance of the first cases, the international community had guaranteed $100 million to combat this disease.
The European Union is paying five million euros to the government to contain the advance of the coronavirus, which has already affected 107 people in the country and caused the death of seven. It grants full freedom for the use of the money in activities, purchases and payments.
The National Chamber of Industries (CNI) warned on Tuesday that after 27 days of quarantine, 50% of the companies would enter a process of illiquidity and insolvency that will prevent them from fulfilling their obligations. The CNI proposed to the Government, the creation of an Industrial Productive Stability Fund, to a set of fiscal stimulus measures. Note that next Friday, April 3, will be 13 days of quarantine in Bolivia.