The Banco de Desarrollo Productivo (BDP), reported that the portfolio of the financial institution, on the first floor, exceeded Bs 2 billion ($ 287.3 mn) at the end of May 2020. 50% of the bank’s portfolio concentrates in Santa Cruz, the most influential region of BDP productive credit. Bs 7.3 billion ($1.05 bn) projected for the end of this year.
The Government launched a new housing plan through which it projects the construction of some 20,000 houses with a fund of up to Bs 2.5 billion ($359.2 mn). Loans of up to Bs 150,000 ($21,550) will be granted to a segment not been served before by social housing loans. The interest will be 5.5% annually.
The Government owes two invoices for the metropolitan train that total 250 million Bolivianos ($35.9 mn), pending since September 2019, and another Bs 8 million ($1.5 mn) for interest, established according to contract in case of non-payment. The work paralyzed at two-thirds of its progress.
In the first five months, exports reached $2,592 million, 24% less than in the same period of last year. The volume decreased by 36%. The trade deficit is $31 million, and the member countries of the Andean Community and the United States are the leading destinations for non-traditional exports. Sales of oilseeds -soybean and derivatives- reached a value of $285 million, chestnuts $43 million, and meat exports tripled to $20 million. Sugar sales increased 63% in value ($19 million) and 80% in volume.
An economic injection of Bs 44 million ($6.3 mn) for the reactivation of the cooperative mining productive activity was announced on Monday by the Government. To date, 1,732 mining operators have restarted their operations.
The oil company Shell Corporation Bolivia Branch filed an arbitration against YPFB and demanded that it pay 26 million dollars for outstanding debts that were recognized and not paid.
Workers from the Huanuni Mining Company took over the installations of the Metallurgical Company of Vinto. They are demanding the payment of $39 million to the mining district for the sale of concentrates. Source: Pagina Siete
The Plurinational Legislative Assembly (PLA) last night sanctioned the Exceptional Rent Law, which reduces the payment of rent payments by 50% starting March 17 and up to three months after the end of the quarantine. It only applies to family use environments, rented for up to 5,000 bolivianos ($718.4). In the case of retail or service stores, the rule only benefits those who pay up to 7,000 bolivianos ($1,000). And in the case of businesses, the rent should not exceed 15,000 bolivianos ($2155). If the amount is above than those figures, the rule does not apply.