The World Bank expects Bolivia's Gross Domestic Product (GDP) to grow by 3.9% in 2021, two tenths above average in Latin America and the Caribbean. By 2022, the international financial body projects that Bolivia's GDP will reach 3.5%.
Canada’s Intercontinental Gold and Metals (TSXV: ICAU) announced that it has completed the first zinc-silver concentrate shipment from its toll processing facility in Bolivia. The commodity trading firm said that the initial shipment added up to 420 tonnes of zinc-silver concentrate. The zinc concentrate graded in excess of 50% zinc and over nine ounces of silver per tonne with no material impurities or penalties.
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said. U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil’s state-run oil company Petrobras, Chief Executive Blair Thomas told Reuters, as part of a wider move to into the country’s growing natural gas industry.
The Bolivian financial authority (ASFI) instructed banks to grant a grace period of at least four months for bank loans. During this time, borrowers will only pay interest, but not capital repayments.
Bolivia's central government has earmarked more than BS. 274 million (about $39 million) for regional governments to immediately begin hiring healthcare workers. Regional governments will be in charge of distributing vaccines against COVID-19 purchased by the central government.