The deferral of bank instalments ordered by the national government in January this year became an obstacle for industries interested in accessing SI Bolivia credit, with 0.5 per cent interest. By having rescheduled or refinanced credits, productive units cannot use the same guarantees to access new financing for investment and working capital. Source: Los Tiempos
The volume of mineral exports in Cochabamba fell by 52% in 2020. The sector, especially the private sector, affected by the pandemic and asks for the national government's support to reactivate activities. Despite the considerable decrease in the volume exported, the value rose by 8% in 2020, and $77 million exported; in 2019, $71 million shipped. It is because gold and silver prices rose. However, the cost of the rest of the minerals fell.
National Customs reported yesterday that it collected Bs 9.75 billion ($1.4 bn) in 2020 or 68% of the institutional target of Bs 14.34 billion ($2.06 bn).
The national government set up a trust fund of Bs 150 million ($21.5 mn) through the Guarantee Fund for the Development of National Industry (Fogadin) to access credit and reactivate the economy to replace imports.
Favourable commodity prices helped to increase the value of the country's non-traditional exports. External sales in this sector reached $164.4 million. This figure represented a growth of up to 25% compared to January 2020, when sales reached $131.4 million. It is worth noting the increase in both value and volume of exports of non-traditional products such as soybeans and derivatives, leather, bananas and beef.