Day: May 12, 2020

Trilogy International Partners (TIP) which owns Viva in Bolivia reports $152.8 mn revenues

Trilogy International Partners (TIP), which owns telecoms assets in New Zealand(2degrees) and Bolivia (Viva), has reported total revenues of $152.8 million for the three months ended 31 March 2020, down 19% from $187.7 million on an annual basis. The group reported a net loss of $17.3 million for the period under review, compared to a deficit of $2.9 million in the first quarter 2019.In operational terms Viva reported 1.79 million wireless customers at the end of March.

World Bank provides $170mn to support Bolivia’s response to Covid-19

Through the restructuring of the Healthcare Service Network Project requested by Bolivias Ministry of Development Planning, the World Bank has made US$170 millionimmediately available to strengthen the capacity of the healthcare systems response to the Covid-19 pandemic. The resources are being used to purchase supplies, equipment and materials for Covid-19 prevention, screening and treatment, as well as for the protection of healthcare professionals.

Imports to the first quarter of 2020 reach $1.98 bn

In the first quarter of 2020, Bolivia’s imports amounted to $1.98 billion, 19% less than in the same period of the last administration. The volume of these imports fell by 21%. Food and beverage purchases recorded an 8% growth in value and 19% in volume, compared with the same period in 2019. It was the only item that increased.

Exports of cocoa and its derivatives reach $32 mn in 13 years

Between 2006 and 2019, exports of cocoa and its derivatives accumulated over $32 million. In the first quarter of 2020, external sales of cocoa and cocoa products grew by 18% in value, while volume declined by 16% over the same period in 2019. In 2019, Bolivia exported cocoa and cocoa products to 15 countries, the leading destination being Germany with 39% of the total, Switzerland with 25% and Paraguay with 11%. La Paz was the country’s largest exporter of cocoa and cocoa products, accounting for 57% of total external sales. Bolivia exported mainly cocoa derivatives for $1.5 million in 2019.

BoA, Amaszonas and Ecojet add up to losses of more than $50 mn

Boliviana de Aviación (BoA), Amaszonas and Ecojet have lost, among the three airlines, more than 50 million dollars just because of the suspension of operations since last March 22 due to the quarantine. The most significant damage was reported by the state-owned BoA, with a loss of $35 million, followed by Ecojet with $8 million and Amaszonas with $7 million.

CEDLA proposes suspending $822 mn in foreign debt service

The Center of Studies for Labor and Agrarian Development (CEDLA), proposes the suspension of the payment of the service of the foreign debt, this would allow releasing $822 million, which according to the Central Bank of Bolivia projected to cancel the creditors ($454 million capital and $367 million of interests). The suspension would strengthen public spending. Other analyses warn that this would bring a reduction in the country’s risk rating at the level of insolvency, and would impede access to external financing, significantly limiting the attraction of foreign investment.