Day: Jul 16, 2020

Construction and equipment of seven unused airports demanded $255.68 mn

The construction of the seven airports demanded more than $112 million. Also, it estimates that more than Bs 1 billion ($143.68 mn) invested in equipment. They locate in Ixiamas, Chimoré, Copacabana, Apolo, San Ignacio de Velasco, Monteagudo and Oruro. In the last two years, they generated administrative and maintenance expenses of Bs 5 million ($718,390, for administrative and service costs of airport terminals that registered minimal or no operations.

Unemployment rises to 8.1% in Bolivia

Bolivia’s unemployment rate rose to 8.1% in May of this year, an increase of about 3.6% from late 2019, when it was 4.8%, according to the National Institute of Statistics (INE). It is equivalent to 122,000 people who would lose a source of employment due to the Covid-19 pandemic.

37.2% of the Bolivian population is poor

37.2% of Bolivians suffer from poverty, and 12.9% from extreme poverty, according to updated data released today by the National Institute of Statistics (INE). The entity updated the data on the basic food basket and the poverty and extreme poverty lines after 30 years. The figures show that the number of poor people in both urban and rural areas has increased in the last four years.

ECLAC forecasts a contraction of Bolivian GDP to -5.2%.

The Economic Commission for Latin America and the Caribbean (ECLAC) lowered on Wednesday its forecast for the contraction of the Bolivian Gross Domestic Product (GDP) to 5.2% for the current administration. In April, the organization predicted a reduction of 3%. The coronavirus pandemic is not entirely under control in Latin America and the Caribbean, so ECLAC warned that it would lead the regional GDP to contract a historic 9.1% in 2020, a situation that will raise the unemployment rate to 13.5%.

Intensive Employment Program starts at $14.37 mn

The Intensive Employment Program, launched today by the national government through the National Fund for Productive and Social Investment (FPS) in coordination with sub-national governments, will begin with 76 road infrastructure projects in at least 15 cities in the country, reaching Bs 100 million ($14.37 mn).