Day: Jul 30, 2020

Loan rescheduling in the banking sector increased by 51.2%

According to data from the Financial System Regulatory Authority (ASFI), as of May this year, the financial system was reprogrammed with Bs 5.8 billion ($834 mn), almost double the amount readjusted in 2019. The growth occurs in challenging context due to the health emergency that the country is experiencing due to the coronavirus pandemic, in which the Legislative Assembly approved bill 720/2019 for the automatic deferral of credit payments to banks until December 31 this year.

Chicken production drops about 30% due to demand restrictions

The restrictions that persist in some areas, like gastronomy, force the poultry sector to reduce its production by nearly 30 per cent because the demand for chicken dropped during the health emergency. The industry is working on new planning for post-pandemic production to avoid oversupply and price drops. From] 2,500 small farmers, at least 40 per cent stopped producing due to the loss of capital as a result of economic losses in previous months.