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.

YPFB asks to reduce up to 28% its gas shipments to Argentina in a new addendum

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) informed the neighbouring country's energy sector authorities that it is in a position to guarantee a gas supply of 13 and 14 million cubic metres per day (MMm3d) during the winter season, i.e. approximately 28 per cent below the volume established in the current addendum, which expires on 31 December.