Fiscal deficit reached $2.87 mn as of June due to falling in revenues

The government informed this Tuesday that the fiscal deficit for the first semester of 2020 reached Bs 20. billion ($2.87 bn). The deficit increased considerably as a result of the quarantine, established by the COVID-19, which caused a significant reduction in the State's income, since economic activities paralyzed, although they later reactivated, but with limitations.

IDB loan to finance $130 mn credit program for the productive sector

El Gobierno informó, este martes, que el Programa Global de Crédito para la Defensa del Tejido Productivo y el Empleo en Bolivia se financiará con el crédito otorgado por el Banco Interamericano de Desarrollo (BID) por $130 millones. La norma señala que tras suscribirse el contrato éste debe remitirse a la Asamblea Legislativa para su aprobación.

Peru suspends imports of agricultural products from Bolivia, affecting 70% of agro-industrial exports

The Ministry of Agriculture and Irrigation of Peru, through the National Service of Agrarian Health (Senasa), decided to suspend the issuance of sanitary and phytosanitary permits for the import and international transit of products of plant and animal origin from Bolivia. The measure taken by Senasa is because there is a breach of an agreement in Bolivia (Senasag), since the beginning of 2020 to allow the entry of potatoes and onions to the Bolivian market and as a retaliation measure Peru prohibits the transit of national products to this market. Between 2010 and 2019, Bolivia exported more than 8.5 million tons to Peru for a value of $4.37 billion. The oilseed complex represented 70% of the exports to the neighbouring country in that period.