Urea plant in Cochabamba forecasts a loss of $364mn

The urea and ammonia plant in Bulo Bulo (Cochabamba) will remain shut down for another six months and is expected to lose $364 million. The plant has been shut down since November 2019, recording a daily loss of $700,000. The president of the Chamber of Hydrocarbons of Cochabamba said that an expenditure of $350,000 is estimated for the diagnosis of the plant and more than $1 million for its reactivation, which can take up to six months.

Beni received over $2.8 mn for a post-Covid phase

The regional government of Beni received more than Bs.20 million ($2.89 million) for the recovery of the department after the impact of Covid-19. Of this amount, 50 percent will go to strengthening the health system, 25 percent to food security, and 25 percent to reviving local economies. In this regard, a project to develop fish farming and lizard meat production in 10 local communities stands out.

BDP will be the first bank in Bolivia to issue sustainable bonds for housing projects

The Productive Development Bank will become the first bank to issue thematic bonds, with the support of the United Nations Development Programme (UNDP). This first bond issue will be aimed at generating resources to finance sustainable housing projects. Thematic bonds are debt instruments that focus on investments with social and environmental impact. Among the categories sought to be financed are renewable energy projects, clean transport and adaptation to climate change.

Mercosur 2021: Argentina aims to add to Bolivia

With the institutional normalization reached by Bolivia, after the elections in which the candidate of the Movement for Socialism (MAS), Luis Arce, triumphed, the Argentine government is interested in rushing the agenda of full incorporation of the neighboring country to Mercosur. In the Palacio San Martín it is thought that 2021 could be the year in which the regional bloc could receive the new partner.