The paralysis of tourism activities due to the Covid-19 pandemic in 2020 caused an economic loss of 1 billion dollars and 150,000 jobs. The government is working on a plan to reactivate the activity but is still looking for funding.
In January this year, the female unemployment rate was 11% and underemployment 16%, respectively, while the male unemployment rate was 9% and underemployment 10%, according to the National Statistics Institute (INE) report. The Covid-19 pandemic aggravated the employment situation of women and stalled the process of labour equality. Nearly 700,000 people were unemployed in 2020, most of them in the informal sector, especially women.
The Empresa Nacional de Electricidad (ENDE Corporación) is experiencing problems of illiquidity and arrears due to the reduction of electricity tariffs for three months in 2020, in addition to the prohibition of cuts to consumers. They attribute this to a 13 per cent decrease in profits for its affiliates and subsidiaries.
The institutions that make up the Confederation of Private Businessmen of Bolivia (CEPB) re-elected Luis Fernando Barbery Paz as its president for the 2021 - 2023 term the rules established in its statutes. The current president of the Bolivian private sector was born in Santa Cruz, is an Industrial Engineer with a postgraduate degree in Advanced Business from Harvard University and a Masters in Business Administration from the University of Toledo - Ohio.
In 2020, the investment executed for exploration and exploitation projects only reached 42.6% of what was programmed, which had an impact on the lower production of natural gas and liquid hydrocarbons in the country, according to the Ministry of Hydrocarbons' 2020 final accounts.