International reserves increase by $600 million due to gold prices

According to the report of the Central Bank of Bolivia (BCB), the value of the Net International Reserves (NIR) in March of this year was $6.09 billion to increase in five months to $6.68 billion, an increase of a little more than $600 million. This improvement is directly related to the international price of gold, which is around $2,000 per troy ounce and has a favourable impact on the country's reserves.

Drought affects 3,000 ha of crops in San Ignacio de Velasco

In San Ignacio de Velasco, 3,000 hectares of pasture, corn and peanut crops reported having been affected by the drought. On the livestock side, he said that the lack of availability of forage puts at risk at least 3,500 cattle from the existing herd in the area. However, he noted that tanker trucks distribute water in the rural area for human and animal consumption.

Entrepreneurs estimate a loss of $61.78 million for their sector and $344.83 million for the region

The Federation of Business Entities of Cochabamba (FEPC) calculated a loss of more than 430 million bolivianos ($61.78 mn) for its sector and more than 2.4 billion ($344.83 mn) for the entire region during the 12-day blockade. The manufacturing and industrial area of Cochabamba reports a loss of more than 157 million bolivianos ($22.56 mn); trade, 156 million ($22.41 mn); the agricultural sector 109 million ($15.66 mn); international transport 7 million ($1 mn); exports and customs clearance 138 thousand bolivianos ($19,827).

Plenary session approves external loans from WB and IDB for $704.3 mn

The plenary session of the Chamber of Deputies approved, in their stations in large and in detail, two bills of the credits of the World Bank (WB) for $254.3 million and of the Inter-American Development Bank (IDB) for $450 million, to replace the resources used in the payment of social bonds, the Renta Dignidad and a part of the subsidy of the electricity tariffs.

Bolivia loses about a million dollars in tolls due to blockades

Vías Bolivia reported that the road blockades in Bolivia generated damage of more than Bs 6.5 million (about one million dollars) due to the lack of toll collection for the mobilizations. More than 160 points of blockades were identified throughout the country for 12 days, leaving damage to the infrastructure of Vías Bolivia and sections of road affected by the use of explosives in the cuts. The proceeds from Vías Bolivia go to the Bolivian Highway Administration (ABC) for maintenance of the country's backbone network.

The international price of gold is close to $2,000 per troy ounce

The international price of gold is close to $2,000 per troy ounce, something that the national government considers encouraging for domestic production. Gold has become a refuge for investments for the countries' reserves, due to the stability of its prices. The share of gold in the International Reserves of the Central Bank is 39.3%. Gold exports and commercialization reactivated in the period January to June 2020, reaching 10,203 kilos, with a gross sales value of some Bs 3.6 billion ($519.4 mn), generating Bs 54.2 million ($7.79 mn) in mining royalties.