Day: Jul 21, 2020

Bolivia – Credit Rating

Standard & Poor’s credit rating for Bolivia stands at B+ with stable outlook. Moody’s credit rating for Bolivia was last set at B1 with negative outlook. Fitch’s credit rating for Bolivia was last reported at B+ with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Bolivia thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for Bolivia as reported by major credit rating agencies.

Liquid import falls 60.7% until May

From January to May this year, Bolivia imported fuels (petrol and diesel) worth $177.6 million, compared to $452.4 million that were disbursed in a similar period of 2019, representing a drop of 60.7%, according to official data. The decline is due to reduced fluid consumption in March, April and May as a result of the health emergency and the total or rigid quarantine decreed by the transitional government to combat the pandemic of the new coronavirus or COVID-19.

Kempff re-elected president of the CNC

Rolando Kempff Bacigalupo was re-elected yesterday as president of the National Chamber of Commerce (CNC). He will be accompanied on the board with Mario Paredes Vargas as first vice president, Marcos Córdova Achá as second vice president, Lukas Abendroth Spies as treasurer and Douglas Ascarrunz Aramayo as pro-treasurer of the institution. Kempff will preside over the institution for a second term 2020-2021.