In 2020, the country closed with an unemployment rate of 8.4%; although the government claims that several sectors showed reactivation until January of this year and employment increased, it will take time to reverse this high rate. The lack of work hits young people, women and professionals the hardest.
Day: Mar 12, 2021
Bolivia and Argentina signed an agreement on lithium industrialisation
Argentina's foreign minister, Felipe Solá, was in Bolivia, where he met with his counterpart Rogelio Mayta and anticipated an alliance to industrialise lithium after signing a joint declaration, a bilateral instrument of intent. Bolivia has the largest reserves of this element, with 21 million tonnes. According to data from the United States Geological Survey (USGS), it is followed by Argentina, with 17 million, and Chile, with 9 million, according to data from the United States Geological Survey (USGS).
Smuggling puts more than 7,000 dairy farmers at risk
The entry of contraband dairy products puts at risk the entire milk production chain in Cochabamba, which comprises 7,000 producers, producing 242 million litres of milk per year and generating more than 2,700 jobs.
$26.54 mn to be invested in strengthening banana and pineapple crops in the tropics
The government will invest 185 million bolivianos ($26.54 million) in strengthening banana and pineapple production in the Cochabamba tropics. According to official data, 122 million Bolivianos ($17.5 million) will allocate to banana production and 63 million Bolivianos ($9 million) to pineapple cultivation.
Remittances up 28.3% boosted by the external recovery
Remittances to Bolivia in December 2020 increased by 28.3% compared to November. It attributed to economic recovery in the countries where Bolivians are staying, mainly Spain. According to a report by the Central Bank of Bolivia (BCB), remittance inflows in November were 106 million dollars, while in December, they increased to 136 million.
