In the last 12 years, food imports grew four times more than domestic production

The National Chamber of Industries points out that between 2006 and 2018 food imports grew 302%, from 94 million dollars in 2006 to 378 million dollars in 2018, due to the devaluation of neighbouring currencies and the lower value of labour in neighbouring countries, among other factors. The main weaknesses of the food industry are, among others, the increase in labour costs and the high tax burden compared to other countries in South America.

The country’s foreign debt until February reached $11.26 billion

Up to February 29th of this year, the balance of the medium and long term public external debt reached, according to data from the Central Bank of Bolivia (BCB), $11.26 billion. Of this amount, $7.49 billion correspond to resources that were granted by multilateral organizations, especially the IDB with a total of $3.36 billion. The IMF gave $327 million for the emergency. To the CAF-Latin American Development Bank, the country owes $2.6 billion and $933.2 million to the World Bank.