Bolivia: IMF forecasts a 7.9% drop in 2020 and 5.6% growth in 2021

The Bolivian economy will fall this year by 7.9%, but in 2021 it will recover and reach a growth of 5.6%, according to the updated projections of the International Monetary Fund (IMF) which also forecasts a drop in unemployment in the country. The international organization foresees an inflation rate of 1.7% this year and 4.1% next year and an unemployment rate of 8% this year, which will fall to 4% in 2021. It also projects one of a current account deficit of 2.6% this year and 3.5 in 2021.

Canadian government allocates $3.04 million for fire fighting

The Government of Canada will send a Chinook helicopter to the country to help put out the forest fires, which have been registered mainly in the east of Bolivia and have caused the loss of more than 1.5 million hectares. The Bolivian government was grateful for the support of the Canadian government, which provided funding of 4 million Canadian dollars.