The first semester the Bolivian economy, fell 11.11% due to the impact of the Covid -19. By the end of 2019, it had reached 2.22%. It is a drop of 13.3 percentage points. The Gross Domestic Product (GDP) of the industrial sector registered, as of June 2020, a contraction of 12.76%. In 2019 the industry had a growth rate of 3.19%, so there is a decrease of 15.9 percentage points in six months.
The Banco de Desarrollo Productivo (BDP) S.A.M. will issue Subordinated Bonds for an authorized amount of 170 million bolivianos ($24.3 mn), which will allow maintaining financial sustainability, capturing resources to strengthen the equity position and further growth of the portfolio.
Pablo Mauricio Salazar Pérez was born in La Paz. He has a degree in Business Administration, studied a master's degree at the European School of Business, and completed a Diploma in Leader Development, Management Development program. He performed executive functions in the project for the Implementation of Contributive and Semi-contributive Regimes in the Public Management Company and was a consultant for the Management of Assurance, Collection and Benefits.
The government stated that a few weeks before Christmas, the unemployment rate is 11.8% and that the pandemic influenced this situation.