Day: Aug 9, 2020

0.14% inflation in July

July registered inflation of 0.14% mainly due to the increase of prices in the health (2.43%) and transportation (1.19%) divisions, informed the National Statistics Institute (INE). With such variation, the accumulated rate in seven months reaches 0.92%, and annualized inflation is 1.35%. The rise has moderate behaviour and is in line with the budgets of the Monetary Program that establishes a rate of 3.4% for 2020.

Bank Fassil increases its capital by $10 million

Banco Fassil’s shareholders made a capital contribution of 70 million bolivianos ($10 mn), which added to the 85.9 million bolivianos ($12.86 mn) pending approval by the financial system’s regulatory body will make it possible to grant a loan portfolio of 2 billion bolivianos ($287.35 mn).

Blockades generate losses of $10 mn per day to industry

The industry is losing about $10 million a day for every day of unemployment due to the blockades. Added to it is the deterioration of jobs generated by the pandemic in the sector, which reaches 120 thousand affected jobs. The Global Index of Economic Activity in Bolivia (IGAE) presents an accumulated rate of -7.93% from January to May 2020, compared with the same period of 2019.