The Fraser Institute of Canada's ranking, which analyzes mining investment conditions in the world, once again placed Bolivia at the bottom of its list. In the 2020 index, the country appears in 74th place out of 76 nations and territories analyzed in the general ranking of mining attractiveness. In recent years, Bolivia has always occupied one of the last ten positions. The scale combines the Mining Potential Best Practices index, which rates countries and territories according to their geological attractiveness, and the Mining Policy Perception index measures the effects of government policy on exploration investment.
Day: Mar 30, 2021
Government plans to use $1.11 bn of RIN for public investment
The quantitative targets of the 2021 Fiscal Financial Program contemplate the use of US$1.11 billion of Net International Reserves (NIR) as of the fourth quarter of 2021 to finance its public investment programs.
In two months, the government borrowed $1.32 billion from Bolivia’s Central Bank
During its first two months in office, the Government borrowed Bs 9,198 million ($1.32 billion) from the Central Bank of Bolivia (BCB). The data is from the latest Monetary Policy report of the state entity.
Gas exports fall by 29% year-on-year
According to the latest report from the National Statistics Institute (INE), exports from the hydrocarbons sector of February 2021 fell by 29.0%, compared to the same period in 2020. Currently, sales generated by hydrocarbons represent 22% of national exports. On the other hand, non-traditional exports rebounded. The main products that increased their exports year-on-year were soybean products by 69.4%, tin metal by 42.4% and beef by 96.0%.
The cotton cultivated area falls by 70%
In the 2020 and 2021 crop cycle, the area planted to cotton decreased from 3,000 to 900 hectares (70%). The sector has a stock of 50,000 quintals of cotton from the 2019 and 2020 harvests stored at the Godefroy, Digrabol and Cuatro Cañadas gins. At current international cotton prices, the immobilized value is around $ 3.9 million.
World Bank projects economic growth at 4.7%
The World Bank (WB) projected that Bolivia's Gross Domestic Product (GDP) would grow by 4.7% this year, an estimate that exceeds the Fiscal Financial Program's projection of 4.4%.
State-owned companies to invest $108.17 million in projects
The Ministry of Productive Development and Plural Economy (MDPyEP) will invest 754 million bolivianos ($108.17 mn) in strategic projects executed by public companies this year.
