The Food Production Support Company (Emapa) will collect 85 thousand tons (t) of hard yellow corn to supply poultry and pig farmers. In the 2019/2020 agricultural season, it will pay Bs 61 per quintal of grain. It will boost production of 24,473 hectares in the departments of Santa Cruz, Tarija, Chuquisaca and Beni.
Day: Apr 30, 2020
Coronavirus puts 5.2 million jobs at risk in Bolivia
A study by the Inter-American Development Bank (IDB) estimates that 5.2 million jobs are at risk. Another study by the Center for Labor and Agricultural Development Studies (CEDLA) states that 78% of the working population is the most vulnerable (55% are self-employed, and 33% employed in microenterprises).
YPFB placed contracts for $163.9 mn without bidding
As part of the emergency contracting procedure, due to the coronavirus pandemic, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) awarded without bidding at least four contracts for the supply of diesel and inputs and additives for $163.9 million.
In the first quarter exports reached $2.05 bn
From January to March 2020 the country had a positive trade balance of $76.2 million, the first after five years of continuous trade deficit, according to the data of Bolivia's foreign trade, published by the National Institute of Statistics (INE), $32 million above that recorded in a similar period of the 2019 administration which was $2.02 billion.
Moodys warns of low-grade scenario for Bolivia
On March 10, Moody's downgraded the Bolivian government's foreign and local currency issuer and unsecured debt ratings from B1 to Ba3, and shifted the outlook to negative, toward lower growth seen since 2013. In 2020, the Gross Domestic Product (GDP) projected to decrease by up to -3%. While by 2021, this growth would reach a maximum of 3%. In addition to this, there is the political risk that began to operate last year.
