Day: Jul 9, 2020

Accidental Tunari Association (AAT) denounces government debt of $42.56 mn

The Asociación Accidental Tunari (AAT), which is executing the Cochabamba Metropolitan Train project, reported that the government owes it nearly 297 million bolivianos ($42.67 mn) in payroll and almost eight million ($1.15 mn) in interest. Additionally to this amount, Bs 330.6 million ($47.5 mn) have not yet invoiced for the progress of work as of December 2019. The debt caused the contract of the consortium formed by the companies JOCA from Spain, Molinari from Switzerland and the Bolivian State to be suspended due to default.

Construction activity decreases by 48%

Construction activity fell by 48% in April 2020 compared to the same month in 2019, according to data from the INE’s Global Economic Activity Index (IGAE). Added to this critical situation are the debts that national and sub-national public entities have with the country’s construction companies, which border on Bs. 2.5 billion ($359.2 mn).

Five drugs against Covid-19 increase in price by up to 300%

At least five drugs to treat Covid-19 have registered price increases of more than 50% in recent days and some cases up to 300%. Some pharmacies offer Ivermectin at Bs 60 per tablet ($8.6). The reference price of this drug published in May by Agemed is 8.45 bolivianos ($1.21) for a 3-milligram tablet and 14.7 ($2.11) for a 6-milligram tablet. Bolivia feels the impact due to the closing of the border and exports from other countries.