International reserves reach $6.6 bn in April, and a fiscal deficit could reach 8% in 2020

According to the latest weekly statistics report from the Central Bank of Bolivia (BCB), Net International Reserves (NIR) fell from $7.95 billion to $6.09 billion between March 2019 and March 2020, a reduction of 23%. On April 24, 2020, NIR was at $6.6 billion. The fall is related to a decrease in revenue from lower volume and lower price gas exports; and the increase with the fall in fuel imports, which contributed to the rise in NIR. Also, an increase in health spending due to the COVID-19 could lead to a fiscal deficit of 8% by 2020. The domestic debt of the Central Bank of Bolivia (BCB) reached $583 million in March.

Source: Los Tiempos