The WTI oil price rose by 69%, to almost $32 per barrel in May, but the upturn will not immediately impact the cost of Bolivia’s export gas, the price of which is reflected in revenues with a six-month lag. If the recovery in the international price of WTI continues, the positive impacts will not be evident until the beginning of 2021. According to analysts, the reduction concerning that budgeted for 2020 would be between $700 and $850 million.
After almost two months without operating, 400 travel agencies have closed in the country, and the Bolivian Association of Travel and Tourism Agencies (Abavyt) and the National Chamber of Tourism Operators (Canotur) are asking the Government to take over the payment of 4,000 basic salaries for six months, to avoid layoffs and mass unemployment in this sector.
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) owes $15 million to the sugar mills for the ethanol it withdrew last year. Also, in March, April and May, the oil company did not purchase 25 million litres of the product, and to date, the company did not renew the contract for 2020.
The National Revenue Service cancelled the implementation of the Electronic Invoicing System (EIS), after conducting a technical analysis that took into account the current economic situation of the country, which is aggravated by the Covid-19 health emergency, which prevents the healthy development of taxpayers’ activities.
Metalúrgica Vinto charges $675 to Huanuni and $660 to Colquiri per ton of treated tin. Other smelters charge more than $US 880. The company also points out that in January there was evidence of a debt of $83.2 million for the purchase of tin concentrates from Huanuni, Colquiri and mining cooperatives.