Bolivia will have to pay $822 million this year for its external debt service, which is detailed in $US 454.9 million for capital and $US 367.1 million for interest. According to Bolivia's Central Bank (BCB), the current value of capital plus interest for loans received, concerning the country's exports, represents 7.7%, which is lower than the 15% limit established in the debt sustainability framework of the World Bank (WB) and the International Monetary Fund (IMF).
Ninety-two per cent of the loans granted by multilateral entities correspond to the Inter-American Development Bank (IDB), CAF-Latin American Development Bank, and the World Bank (WB). As of May, the IDB granted $ 3.35 billion, CAF, $ 2.59 billion and the WB, $ 941 million. The global bilateral debt was $1.46b trillion, of which 70% has to be paid to China, 20% to France and 4.4% to Germany, according to BCB reports.
Mayor Luis Revilla presented this Monday the Annual Operating Program (POA) 2021 which has a budget of Bs 2,107 million ($302 mn) for next year, which he described as "austere" since it has a reduction of resources of at least 20%.
President Jeanine Áñez has three new authorities: Branko Marinkovic as Minister of Economy, Gonzalo Quiroga as Minister of Development Planning and Alvaro Tejerina as Minister of Labor.
The Forestry and Land Authority (ABT), part of the Ministry of Environment and Water, reported on Monday that they had initiated 100 administrative processes for the illegal burns that registered throughout the country. At present, there are 15 activated criminal complaints.
The workers of the Empresa de Luz y Fuerza Eléctrica Cochabamba (Elfec) estimate that the payment of the fair price for the company's shares amounts to 140 million dollars, while the return of the shares and their profits would represent 300 million dollars.
Of the 650,000 productive units that are part of the Confederation of SMEs (Conamype), only 5 per cent resumed their activities after the mandatory strike related to the coronavirus pandemic. About 32,500 companies belong to the food sector and, on a smaller scale, to the textile sector, which had resumed its operations focusing on the production of chinstraps and biosafety clothing, but the smuggling of this type of product forced a new stoppage. This situation led to the declaration of bankruptcy of at least 450 thousand productive units throughout the country.
Uncertain is the future of the leading public industrial projects with works such as the urea plant, the Gran Chaco liquid separator plant, the mini LNG plant, and the tube factory, which are half operated or paralyzed.
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has announced the launch of the $500 billion Covid-19 Economic Relief Fund (FACE) for economic recovery in middle-income countries.
Germany is a market of ample opportunities for Bolivia's exportable supply. Last year the export volume of Bolivian nuts to Germany reached 3,447 tons, with a value of 20.8 million euros. The export of quinoa reached 7.2 million euros, and chia seeds amounted to 2.1 million euros. In the case of tin, sales amounted to 700,000 euros. Bolivian purchases to the German market amounted to 144.7 million Euros in capital goods.