Quinoa sales reach $85.9 million

This year, quinoa exports reached US$85.9 million, according to data from the National Statistics Institute (INE) prepared by Gary Rodríguez's Bolivian Institute. He noted that sales are close to 35,000 tonnes for US$85.9 million, which is a higher volume but lower value than in 2019 due to the drop in international market prices. It is a merit that sales are maintained, and in 2021 can repeat this with promotion and re-categorisation of quinoa and a better price.

CAF and European Investment Bank to co-finance climate action projects for $500m

The CAF - Latin American development bank - and the European Investment Bank (EIB) signed a collaborative co-financing framework for European support to Latin America and the Caribbean to alleviate the damage of the Covid-19 pandemic and promote post-pandemic economic recovery. The agreement proposes a USD 500 million co-financing framework to benefit sectors such as … Continue reading CAF and European Investment Bank to co-finance climate action projects for $500m

Government enacts Law on the Tax on Large Fortunes, the refund of VAT and Budget 2021

On Monday morning, the Government passed three laws: 1.The Tax on Large Fortunes (IGF) will be applied annually to those who have a wealth of more than Bs 30 million ($4.3 mn). 2.The Value Added Tax (Re-VAT) establishes a 5% cash refund for people who earn less than 9,000 Bolivianos ($1291.25). 3.General State Budget Law (PGE) which will prioritise public investment with $4.01 billion which, according to the Government, will help economic recovery.