Forestry sector reports losses of $13.7 million

Due to the blockades, Bolivia stopped exporting a volume of 8,000 cubic meters to the United States, Uruguay, France, Holland, Brazil, Italy and China, which are the markets that are currently active. The halt in production also caused a very harmful effect on the 90,000 families that depend directly on forestry activity.

Ferroviaria Andina invested $41 million in new trains and locomotives

During the last five years, Ferroviaria Andina has invested almost 41 million dollars in the train network in the west of the country for track maintenance, station improvement, technology acquisition and the purchase of new trains. More than $10 million was spent on upgrading and extending the railways and $16 million on three new locomotives of the Swiss brand Stadler.

Blockades generate losses of more than $100 million for Santa Cruz farmers.

The 12 days of blockades left a balance of losses exceeding $ 100 million to the productive apparatus that develops its activities in Santa Cruz. The Eastern Chamber of Agriculture (CAO) assured that all sectors were affected, but those who felt the effects most strongly were chicken, pork, and beef and dairy cattle producers and that it will file a criminal complaint against the material authors and instigators of the blockades.

International freight reports loss of $9.33 million due to blockades

The sector lost 65 million bolivianos ($9.33 mn) in container exports and imports alone due to the blockades registered since last week and which persist in some parts of the country, due to the existence of stones and earth that obstruct the passage of roads. The sector asked the government to take into account the proposals of its industry to regularize the shipping agencies operating in the country and to enforce the Supreme Decree on the use of containers.

Central Bank projects a 6.2% drop in GDP by 2020

Bolivia's Central Bank (BCB) projects an economic contraction of 6.2% in 2020. Inflation could be around 1.7%. Monetary incentives to respond to COVID-19 represented 19% of GDP, one of the highest efforts in the region. The BCB warned that the scenario for the coming quarters is a volatile one and difficult to foresee. The exit from the health crisis will demand even greater efforts.

Industry chambers report losses of $120 million in the 12 days of blockades

The National Chamber of Industry estimates that, in the 12 days of the blockade of social organizations alone, the industry has lost some $120 million so far and foresees the loss of thousands of jobs. The business sector is demanding government measures to promote the Bolivian Purchase Agreement, establishing that 20% of wages and salaries allocate to the purchase products with a Bolivian-made seal. It would represent about $ 200 million that would boost the demand for national products and contribute to the reactivation of the domestic industry.

ECLAC ratifies its forecast that the Bolivian economy will contract by 5.2%

The Economic Commission for Latin America and the Caribbean (ECLAC) ratified, this Thursday, its projection that the Bolivian economy will contract by 5.2% this year. In that line, the director stated that this organization forecasts that the Gross Domestic Product (GDP) of Latin America and the Caribbean will fall 9.1% in 2020, while the indicator in South America will fall 9.4% and in Central America and Mexico it will decrease 8.4%.

Provide technical assistance to 10,500 gold miners on the use of mercury

At least 10,500 artisanal miners in Bolivia will receive technical assistance on the use of mercury in the artisanal and small-scale gold mining sector, the United Nations reported. This mining sector is the largest source of mercury contamination in the world with serious environmental and health consequences. The reported gold production is carried out by 1,406 mining cooperatives throughout the country, which means around 42 thousand sources of direct employment and more than 250 thousand indirect jobs. Production in the first quarter of 2020 was 9,200 kilos, worth almost $460 million.