The Organisation of American States (OAS) said it has taken up the concerns of various international organisations about the situation in Bolivia and warned that the Bolivian justice system does not offer guarantees of a fair trial. The statement coincides with a series of demonstrations over the arrest of former president Jeanine Áñez, accused of sedition, terrorism and conspiracy.
Credit deferrals reached $2.689 billion in January, according to data from the Ministry of Finance. The Ministry also reported that the credit portfolio reached $27.682 billion and arrears reached 1.6%. The productive portfolio reached $12.482 billion, while social housing loans reached $4.014 billion.
The government expects a drop in tax revenues of up to 22% by 2021.The general budget of the nation (PGE) for 2021 estimates tax revenues of Bs 42,565 billion ($6,170 billion), down from the Bs 54,575 billion ($7,911 billion) budgeted last year. The PGE envisages a total allocation of Bs.228.357 billion ($33.105 billion), 18.6% of which comes from tax revenues.
According to the National Chamber of Industries (CNI) estimation, more than $6.3 million worth of goods are smuggled into the country every day. According to CNI president Ibo Blazicevic, smuggling has been on an upward trend in recent months, driven by currency devaluation in neighbouring countries.
The Cochabamba International Fair (FIC) will be held from 28 October to 7 November this year. The event will move at least 1% of the Gross Domestic Product (GDP) of the department, an equivalent of more than $60 million, and will therefore be important for reactivating the economy, according to the president of the Feicobol Foundation, Antonio Torrico.