IDB and WB do not authorise use of $704 mn in loans for “Bond Against Hunger”

The World Bank (WB) and the Inter-American Development Bank (IDB) indicated that the resources provided to the Bolivian State cannot be used for other purposes that are not included in the loan contracts. The president of the Bolivian Assembly, Eva Copa, affirmed on Friday that the Bond against Hunger will be financed with the credits of the IDB and the WB, which total $704 million, but according to the IDB and the WB, these resources have not been assigned for this purpose.

Seed producers warn that only 45% of fields use certified varieties

The Association of Seed Producers (Asosemillas), stated that rice, soybean, corn and wheat crops with the use of certified seed do not exceed 45%, on average. According to Asosemillas' calculations, about 55% of the agricultural fields in Santa Cruz, Beni and the Gran Chaco province of Tarija are planted with illegal seed that does not meet certification standards.

Exports exceed $4.2 billion up to August

Total exports from January to August 2020b reached $4.21 billion, $1.68 billion less than the same period in 2019, indicating a decrease of 28%. Imports from January to August reached $4.24 billion, 35% less than the same period in 2019. In the first eight months of 2020, the trade balance registered a deficit of $30 million. The structural problem with the trade deficit is that the country has few value-added products to export and increasingly needs to import a variety of inputs, machinery, and fuels.

Lack of rain aggravates fire situation, 17% of the damaged area is the forest

The panorama of the fires does not change in Santa Cruz. The last report of the Early Warning System of the Governor's Office revealed that, to date, 17% of the area affected by fire corresponds to forests. Currently, throughout the department, there are still 23 active incidents in six municipalities of the Chiquitania. The situation aggravates by the fact that despite the forecast of rain, it did not reach the affected areas.

The private sector finances 45% of the State’s expenditures and projects

All state-related expenses are covered up to 45% by the private sector. Yes, companies, banks and individuals, and even workers (through the AFPs) lend money to support the state bureaucracy. In June, the internal debt of the General Treasury of the Nation (TGN) reached Bs 56,239 million ($ 8.06 bn), the figure represents a growth of 48%, concerning the same period last year.