Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported yesterday that the state-owned oil company plans to obtain $3.5 billion in oil revenues from the Charagua X-1 well, drilling of which will begin in 2022.
In the first four months of this year, the value of Bolivian exports rose 34 per cent due to the increase in the price of products such as gold, soybeans, tin, and others.
As part of the reactivation plan, Banco Unión and Banco de Desarrollo Productivo (BDP) have placed 1,290 loans for an amount of Bs141 million ($20.23 mn). Ninety-seven per cent of the operations correspond to microcredit, and through Supreme Decree (DS) 4509, credit coverage extended to the country's agricultural sector.
In 2020 and despite the health crisis, gold mining activity did not slow down and reached 23.2 fine metric tons (FMT) of gold worth $1.26 billion. Cooperatives mined ninety-four per cent of this amount of gold.