The World Bank projected a 5.9% drop in Bolivia’s Gross Domestic Product (GDP) for 2020, in the “World Economic Outlook” report, which was released today. At the regional level, the World Bank projects a contraction of economic activity in Latin America of 7.2%. It also notes that the region’s recent progress in alleviating poverty and inequality could be at risk.
The WTI (West Texas Intermediate or US crude) oil barrel, the reference for Bolivia, was close to $40 a barrel. In Bolivia, it should not have an immediate effect since gas sales prices calculated quarterly for an average daily rate of the previous quarter. They estimate that the impact of the price will be felt in the June-September quarter.
The Administration of Port Services – Bolivia (ASP-B) reported that import cargo for Bolivia decreased by 57% during the quarantine, between March and May. As for exports through this port, Bolivian international trade mobilized 2,694 tons, among which 53% was quinoa, 26% tin, 8% chia, 5% beans, 4% chestnuts, 3% cocoa, 0.7% palm hearts and 0.3 textiles.
The airline Amaszonas sent the government a package of urgent measures to save Bolivian commercial aviation. One hundred mn dollars for a period of three years was required for working capital for Amaszonas and Ecojet. $52 million, was already requested by the state airline BoA. They also asked for a 50% reduction in the price of fuel for domestic operations.
According to the Bolivian Institute of Foreign Trade (IBCE), exports of fruit until April this year recorded $ 12.2 million for the sale of 44 thousand tons, experiencing a drop of 6% in value and 15% in volume compared to the same period of last year. From February to date producers stopped receiving $21 million.
Four modules of the Metropolitan Train project will be auctioned off by Chilean Customs on September 6, if the Ministry of Economy does not pay the debt it has with the Tunari Accidental Association (AAT), which is in charge of carrying out the transport plan for Cochabamba. The national government owes Bs 260 million ($37.36 mn) to the AAT, with invoices due in September and October 2019.