According to the International Monetary Fund's (IMF) World Economic Outlook (WEO) report presented on Tuesday, the coronavirus pandemic will cause a 2.9% contraction in Bolivia's Gross Domestic Product (GDP) by 2020.
The Chamber of Tourism Operators (Canotur) warned this Tuesday of the negative effect on the 350,000 jobs generated by the sector, among airlines, tourism agencies, guides, artisans, national parks, gastronomy and others that are within the tourism chain. It is an activity that produces 600 million dollars for Bolivia's Gross Domestic Product (GDP).
The inactivity of micro and small enterprises as a result of the health emergency caused by the coronavirus leads to about 100,000 productive units nationwide, especially in the manufacturing sector, to declare bankruptcy due to lack of income, which implies the loss of at least 600,000 sources of employment, reported the president of the National … Continue reading More than 100,000 micro and small businesses declare bankruptcy and 600,000 jobs are lost
Construction workers number approximately 320,000, which means a monthly payroll of 960.48 million bolivianos ($138 million), whose cancellation is unsustainable for companies that are defenceless, unpaid and unable to pay salaries and future commitments. The builders propose to plan the actions and instruments agreed upon to address economic activities after their resumption after the quarantine.
New Pacific Metals Corp delivered the first resource estimate for its flagship Silver Sand project in Bolivia on Tuesday. According to the report, the deposit contains 35.4 million tons in the measured and indicated category grading at 137 grams per ton silver for a total of 155.9 million ounces of silver. The project also has 9.8 million tons at 112 grams per ton silver for 35.6 million ounces in the inferred category.