Banco Unión reprograms 80,000 microcredits

The Banco Unión, with a state-owned majority, reprogrammed 80,000 microcredits from clients in the small and medium enterprise sector. The Government also reported that, together with the Central Bank of Bolivia (BCB), it is analyzing the possibility of creating a monetary fund to support this sector, as part of the measures to mitigate the effects of the health crisis caused by the coronavirus.

International soybean price rises 8%, and harvest advances 70%

In the last 15 days, the price of soybeans in Chicago had an increase of approximately 8% to $325 per ton, a situation that represents a relief for Bolivian producers who report a 70% advance in the 2019-2020 summer crop, of the 1,020,000 hectares planted. The drought recorded in the current campaign will affect a drop in yields, as it is estimated to close with an average of 1.9 and 2 tons per hectare, similar to last year.