The Economy Minister, Marcelo Montenegro, confirmed that Bolivia will place bonds in the international markets for a total amount of $3 billion. He said that $1 billion will go to the administration of liabilities and $2 billion to public investment. The government seeks to stimulate the domestic market and public investment as engines of economic growth.
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Digital media consultant and journalist. Passionate about history.
International reserves reached $5.276 billion in December 2020
Bolivia's net international reserves reached $5.276 billion in December 2020, the lowest in 12 months, according to data from the Bolivia's Central Bank. Of that amount, $2.613 billion is in gold.
Tarija to invest $2.6 million in projects to improve its productive matrix
Tarija will invest Bs 17.8 million ($2.6 million) in the implementation of plastic recycling factories, the production of anti-hail netting, pipes for technified irrigation and grape juices and nectars, according to the local government. The investment will also be used for the reactivation of the chamomile tea and bean flour factories.
COVID treatment can cost up to $436.82 per day in La Paz
Patients with COVID-19 in La Paz who need intensive therapy, in public health centres, spend between BS.2,000 ($291.21) to BS.3,000 ($436.82) per day. Those in intermediate therapy have to spend approximately BS.1,000 and those who are treated at home up to BS.500, said Fernando Romero, executive secretary of the La Paz branch of the Sindicato de Ramas Médicas Afines (Sirmes).
Eloro stock surges on high-grade drill results from Bolivia
Eloro Resources reported additional results from its diamond drilling program at the Iska Iska silver-polymetallic project in southern Bolivia. Iska Iska is now comparable with neighboring world-class polymetallic systems including Cerro Rico de Potosi, San Vicente, Chorolque and Tatasi. Shares of Eloro Resources jumped to an all-time high of C$3.15 ($2.47). The company has a market capitalization of C$137.1 million ($107.6 million).
Government allocates $90 mn for logistics, purchase of vaccines and COVID-19 tests
Economy Minister Marcelo Montenegro revealed that the government has budgeted up to $90 million for logistics and the purchase of vaccines and COVID-19 tests. He considered that entering a full lockdown will hit the economy.
Government launches $132.26 mn trust fund to reactivate industry
The government is channelling loans for micro, small and large enterprises, ranging from BS250,000 ($36,295.68) to BS5,000,000 ($725,913.50) at an interest rate of 0.5% to reactivate and boost national production. The resources correspond to two trusts with Bs911 million ($132.26 million), which will be made available through the Banco Unión and the Banco de Desarrollo Productivo (BDP).
Government allocates $3.2 mn for reforestation and water conservation
The Ministry of Environment and Water, through Fonabosque, launched on Monday the public call to co-finance reforestation projects and conservation of water sources. To this end, the government has allocated a total of Bs22 million ($3.2 million).
The Bolivian government is open to the use of biotechnology for soybean crops
President Luis Arce Catacora's government has expressed its willingness to allow, following a technical study, the use of biotechnology for the production of soy, cotton and sugar cane, according to Isidoro Barrientos, president of the Cámara Agropecuaria de Pequeños Productores del Oriente (Cappo).
CBHE renews its board of directors
The Bolivian Chamber of Hydrocarbons and Energy (CBHE) renewed its board of directors and expressed its commitment to coordinate and promote joint work between the public and private sectors to advance the implementation of projects and continue the search for new opportunities. The new vice-president of the CBHE, Pedro Ribeiro, said that since 2006 the private sector has invested $14 billion in the hydrocarbons area.
