The insurance sector registered an annual growth of 3.70%, lower than the previous period which reached 13.94%, as indicated by the conclusions of the Analysis of the Bolivian Insurance System carried out by the rating agency Moody's. Source: El Deber
The Legislative Assembly already has a bill for the return of the Pension Fund Administrators (AFP) for discussion. The bill provides for authorizing staggered withdrawals or even up to 100% in persons with minimum contributions. The two AFPs administer approximately $20 billion of workers' retirement contributions and are invested in different long-term securities. Source: Página … Continue reading Bill would establish the phased withdrawal of AFP contributions
The rains affecting the department of Cochabamba flooded some 1,345 hectares of banana plantations and affected 30 packing houses. It affected fruit production, and exports fell from 190 to 140 tonnes, representing a loss of at least $100,000 per day.