Bolivia ordered the closure of its embassies in Nicaragua and Iran while also shuttering three federal ministries in a cost-cutting move to free up money to fight the coronavirus, President Jeanine Anez said Thursday.
During the total quarantine, the Government approved the transfer of more than 506 million bolivianos ($72.7 mn), for the Ministries of Defense and Government.
The National Confederation of Micro and Small Businesses (Conamype) is taking steps to acquire a $500 million credit, aimed at the economic reactivation of micro-businesses that were affected by the quarantine and health emergency of the coronavirus.
According to the National Statistics Institute (INE) report, the Consumer Price Index (CPI) for May registered a variation of -0.02% compared to April. The accumulated difference to May was 0.42%, and to twelve months it reached 1.23%.
The volume of food and beverage imports between January and April 2020 increased by 13% compared to the same period in 2019, according to the latest report from the Bolivian Institute of Foreign Trade (IBCE). The value of imports totalled $2.27 billion, 30% less compared to the amount recorded in a similar period in 2019.