The government informed this Saturday that it would not touch the Bs 13 billion ($1.87 bn) contemplated for the construction of the Propylene and Polypropylene plant to finance the program to reactivate the economy, hit by the coronavirus.
In total, the State made more than 9.8 million payments for the Renta Dignidad, the Canasta Familiar and the Universal bonds. Due to the health emergency in the country, the Government allocated Bs 4,439 million ($642 mn) for the granting of bonuses to alleviate the needs of the most vulnerable sectors between 1 April and 26 June.
Until May, banks lent Bs 83.13 billion ($1.19 bn) in total, for sectors such as manufacturing, construction and agriculture. It represents a growth of 6.21% compared to 2019.
According to data from the National Statistics Institute (INE), up to April, the rate of the unemployed population in urban areas reached 7.34%, the highest since February 2016 (6.48%). In the micro, small and medium enterprise sector (Mype) some 150,000 business units have gone bankrupt and left more than 500,000 people unemployed. 73% of industrial companies estimate that they will reduce their workforce by 2020, and 49% of factories expect this reduction to be between 11% and 50%. The public administration and social services; agricultural industry, commerce, restaurants and hotels, manufacturing and construction concentrate 84% of workers nationwide.