The United States ordered to increase the purchase volume of Bolivian raw sugar from 8,000 to 12,400 tons, which must send until September 30 this year. The U.S. country made a third "surprise" order for 3,569 tons.
Day: Apr 16, 2020
Bolivian Government allocates $500 mn to pay COVID-19 emergency bonds
The Government will allocate about 3.5 billion bolivianos ($ 500 mn) for the three bonds that it delivers to the national emergency by the COVID-19. Despite the expenditure, he assured the economic stability in Bolivia.
Government allocates $200 mn for Tarija
The Government will allocate about 3.5 billion bolivianos ($ 500 mn) for the three bonds that it delivers to the national emergency by the COVID-19. Despite the expenditure, he assured the economic stability in Bolivia.
Natural gas production decreased by 45%, due to lower demand
Domestic production declined by 45% due to low demand not only in the local market but also to minimum purchases from Argentina and Brazil.
International oil price drops to $19.55
WTI's U.S. barrel for delivery in May was down 2.78% from Tuesday at closing and stood at $19.55 after reaching $19.20. The North Sea Brent barrel for delivery in June reached $28.15 in London, a drop of 4.89%.
Bolivia expects to register average annual growth of 4.5% in refined production over 2020-2024.
A stabilisation in tin prices will support capacity expansions at Bolivia's key tin mines, Colquiri and Huanuni, both owned by the state-owned-enterprise (SOE) Comibol while another Comibol subsidiary, EM Vinto, manages smelting operations. In the country's Economic and Social Development Plan 2016-2020, Bolivia outlined plans to attract private investment along with the state company in order to undertake prospecting and exploration, as well as increase production capacity at Colquiri and Huanuni. The government had approved $75mn in funding for a new processing plant at Colquiri, which will be targeted for completion in 2020 and could double output at the mine.
