The Santa Cruz Governor's Office warned that if Bolivia does not exceed the minimum natural gas volumes signed with Argentina in the fifth addendum, the country will lose revenues of $10 million per month due to the new price structure agreed in December.
The reduction in exports and remittances from abroad led to a fall of 18.4% of Net International Reserves (NIR) in 2020. In a context marked by the resurgence of Covid-19, the trend will continue to fall in 2021; it suggests that lithium's industrialisation and the opening of new gas markets consolidate.
The Bolivian Institute of Foreign Trade (IBCE) reported that the transport strike with roadblocks, which took place yesterday throughout the country and continues today in Santa Cruz, generates an economic loss of at least $30 million per day. The transporters adopted this pressure measure to demand the extension of the bank credit deferment for six months.
The Inti Raymi Mining Company (Emirsa) made a public statement denouncing that the courts are forcing it to hire 21 workers who are not working, and said that in a recent ruling a court limited their right to defence. Emirsa explains that five years ago, it closed down its production activities because the deposits were exhausted, and since then it has only been working on environmental closure. During this time the company has paid over Bs 21 million ($3 mn) in wages to workers despite not working.
The Association of Private Banks of Bolivia (Asoban) warned that a new credit deferral would result in entities no longer receiving an additional $1.8 billion for loan repayment deferral from borrowers.