The Association of Private Banks of Bolivia (Asoban) proposes a two billion dollar fund with the guarantee of the State to support the different sectors and reactivate the economy. It is the estimate of additional resources to the $500 million that the State channels to revive the economy and to give credit to companies, micro, medium and small enterprises. So far, it has not yet seen one cent of the Bs 1.5 billion ($215.5 mn) that should be channelled to productive units from the Banco de Desarrollo Productivo (BDP) through financial entities.
Seven thousand workers in the Santa Cruz industrial park will return to their activities this Monday. They will return to work 100% of the industries in all sectors. The working hours will be from 7:00 to 15:00. Each company has to pick up its personnel. According to the National Chamber of Industry (CNI) during the quarantine, the industry lost $10 million per day.
On Friday, the World Bank’s Board of Executive Directors approved a loan and two credits (one of which is a concession) for a total of $254 million in favour of the Bolivian State, whose objective is to support the country in financing the Government’s social bonds for approximately 3.6 million direct beneficiaries.
The balance of Bolivia’s external public debt as of April 30, 2020, reached $11.6 billion, according to the latest report from the Central Bank of Bolivia (BCB). The balance of the debt as a percentage of the Gross Domestic Product (GDP) reached 27.3%. The largest creditor is the Inter-American Development Bank (IDB), with $3.3 billion. The Andean Development Corporation (CAF) follows, with $2.6 billion.
Corn imports had significant high peaks in both volume and value between 2016 and 2017 because domestic production was insufficient. In the period mentioned, about 200 thousand tons were imported worth $41 million, mainly from Argentina and Brazil.