La Niña phenomenon causes Bolivia to lose 59,722 hectares of crops, of which the most affected are quinoa and potato crops, which may affect supply and price behaviour.
Day: Mar 25, 2021
Gross investment falls by 65.9% to $121 mn in 2020
Foreign direct investment (FDI) in 2020 (data as of the third quarter) reached US$121 million, which represents a 65.9% drop compared to 2019 figures, according to data from the Central Bank of Bolivia (BCB). The stoppage of activities explains the decline due to the pandemic.
Bolivia’s credit rating outlook downgraded from stable to negative
The US agency S&P Global Ratings changed Bolivia's risk rating outlook from stable to negative. The assessment based on the fall of the Gross Domestic Product (GDP), the increase of external indebtedness and the high fiscal deficit. Although this is a change in the outlook for the time being, the international agency does not rule out lowering its risk rating in the next 6 to 18 months.
Resignation of CAF president may limit lending to Bolivia
The resignation of the Development Bank of Latin America (CAF) executive president, Luis Carranza Ugarte, a year ahead of schedule due to political pressure from Argentina, may harm Bolivia, such as limited access to credit.
Exports to the U.S. fall by 34%
In 2020, exports of domestic products to the United States fell by 34 per cent compared to last year. In 2020, Bolivian sales to the United States totalled 296 million dollars; in 2019, the country had exported 435 million, and in 2018 had shipped an amount of 504 million.
