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.
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.
The overproduction of chicken and the restrictions for its commercialization during the coronavirus sanitary emergency generate losses in the national poultry industry that are close to 24 million dollars per month. Amid this adverse situation, this sector demands structural solutions from the Government aimed at setting a fair price in compliance with standards.
The government revealed on Monday that it is allocating 100 million dollars from loans and just over 1.4 million donations to this battle. It also announced that, once the national emergency is over, it will hand over to the State Comptroller's Office all contracts for the acquisition of medical supplies and other needs.
Gasoline consumption per day used to be about 5 million litres and is now less than 1.5 million. Similarly, in the case of diesel, it fell from 5 million to 1 million. The Government sees this as positive because import payments will decrease due to the fall in volume and the fall in the price of WTI oil.