The Planning, Economic Policy and Finance Commission of the Chamber of Deputies postponed without date the treatment of the International Monetary Fund (IMF) credit project for $US 327 million, requested by the Government because the Ministry of Economy and Public Finance did not deliver the informative documentation of the conditions and clauses that would establish the loan of the international organism.
The Guabirá Sugar Mill began its 2020 sugarcane harvest yesterday, with the expectation of grinding 2.6 million tons of cane to produce three million quintals of sugar and close to 100 million litres of alcohol.
From January to April, mineral exports had a fall of 36%, foreign sales of minerals reached 448.1 million dollars; in the first quarter of 2019 reached 704.9 million dollars. Zinc, silver and lead reduced their sales by more than 40% in 2020.
Funds will be made available for infrastructure, rapid testing and equipment to combat the coronavirus in the country. The Legislative Assembly informed there is an accumulated amount of $500 million that will go for the exploration and exploitation of hydrocarbons. The intention is to temporarily give 12% of that amount to the autonomous territorial entities and universities so that they can use the money to fight the Covid-19.
The cultivated area is around 165,000 hectares, with a projected production of 11.5 million quintals of sugar and 200 million litres of alcohol in the 2020 harvest. 50% of the output will go to the internal market, and the other 50% will be exported.