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Victor Hugo Zamora, Minister of Hydrocarbons, said that the Government will not raise a penny to fuels (petrol, diesel, and gas) and anticipated that the National Hydrocarbons Agency (ANH) will carry out operations to sanction those who are speculating.
Full freedom to export and attraction of investments are the core points that José Luis Parada, new Minister of Economy of the transitional government of President Jeanine Añez will attend. On a monetary level, the new authority stated that it would give greater autonomy to the Central Bank of Bolivia (BCB).
In the opinion of Fernando Hurtado, president of CAINCO (Commerce and Industry Chamber of Santa Cruz), Gross Domestic Product (GDP) in 2019 will grow by between 2% and 2.3%, a point less than the original projection of 3.8%.
he repair of the Cochabamba’s Carrasco Pipeline (GCC), which last Tuesday was damaged following an alleged attack by groups related to the Movement for Socialism (MAS), will demand at least $500,000.
The Minister of Economy, José Luis Parada, confirmed the continuity of the board of the Central Bank of Bolivia (BCB) and dismissed any intervention to ensure the effectiveness of the monetary and economic policy.
Evo Morales has left a rather deteriorated economy with warn indications of unsustainability and economic instability, warned the economic analyst René Martínez, from the Jubilee Foundation.
The social unrest in Bolivia is impacting natural gas exports to Argentina. State-owned YPFB sent a letter to Argentine Energy Integration (Ieasa) notifying that: given the “current limitations” experienced by the company, the daily supply established by contract to Argentina, may be affected. Read more Source: El Deber
State-owned YPFB reported that the supply of natural gas to the west of the country dropped from 175 million cubic feet per day (MMcfd) to 75 MMcfd, due to the suspension of operations of the Carrasco-Cochabamba (GCC) pipeline.
The departmental prosecutor of La Paz, Williams Alave, today requested that the Financial System Supervision Authority (ASFI) to report whether it was aware or informed that the BCB carried out in October and November of this year, different movements of money or securities; and if it’s obvious, the relevant documentation is attached.
Beni’s senator Jeanine Añez assumed the presidency of Bolivia on Tuesday afternoon, after holding the presidency of the Senate due to the resignation of the President and Vice President of this body. The legislator activated the presidential succession established in the Political Constitution of the State.
