Government sees GDP contraction of 5.9%, its lowest level ever

The Government estimates that the country's Gross Domestic Product (GDP) will contract by 5.9% by the end of the year, the lowest level in the country's history, due to the adverse effects of the Covid-19 pandemic. The Central Bank of Bolivia (BCB) indicated that cumulative inflation to May was 1.2% and expected to remain below the expected margin of 3.4% until year-end.

Government reallocates $1.99 bn from propylene plant to Employment Program

The National Program for Reactivation of Employment, which was presented this Wednesday by the Government, will have additional financing of Bs 13,880 million destined to the construction of the Propylene and Polypropylene Plant in Tarija. The Government said a bill was sent to the Parliament and demanded its approval to access the resources.