The Organisation of American States (OAS) said it has taken up the concerns of various international organisations about the situation in Bolivia and warned that the Bolivian justice system does not offer guarantees of a fair trial. The statement coincides with a series of demonstrations over the arrest of former president Jeanine Áñez, accused of sedition, terrorism and conspiracy.
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Digital media consultant and journalist. Passionate about history.
Credit deferrals reached $2.689 billion in January
Credit deferrals reached $2.689 billion in January, according to data from the Ministry of Finance. The Ministry also reported that the credit portfolio reached $27.682 billion and arrears reached 1.6%. The productive portfolio reached $12.482 billion, while social housing loans reached $4.014 billion.
Tax revenues to fall by 22% by 2021
The government expects a drop in tax revenues of up to 22% by 2021.The general budget of the nation (PGE) for 2021 estimates tax revenues of Bs 42,565 billion ($6,170 billion), down from the Bs 54,575 billion ($7,911 billion) budgeted last year. The PGE envisages a total allocation of Bs.228.357 billion ($33.105 billion), 18.6% of which comes from tax revenues.
CNI: smuggling generates more than $6.3 mn daily
According to the National Chamber of Industries (CNI) estimation, more than $6.3 million worth of goods are smuggled into the country every day. According to CNI president Ibo Blazicevic, smuggling has been on an upward trend in recent months, driven by currency devaluation in neighbouring countries.
Cochabamba International Fair expects to generate $60 mn in trade
The Cochabamba International Fair (FIC) will be held from 28 October to 7 November this year. The event will move at least 1% of the Gross Domestic Product (GDP) of the department, an equivalent of more than $60 million, and will therefore be important for reactivating the economy, according to the president of the Feicobol Foundation, Antonio Torrico.
Soy producers block roads, claiming they lose more than $100 million due to price regulation
Soybean producers began blocking roads in different areas of Santa Cruz demanding the elimination of a price band that regulates the sale of soybean meal. According to the sector, this regulation causes a reduction of $50 per tonne, which generates a total loss of more than $100 million for the sector.
Exports fell 10.3% and imports dropped 27.7% in January
Exports reached $692.6 million in January, 10.3% less than in the same month of 2020, when sales abroad reached $772.1 million. The fall is due to negative variations in economic activities such as hydrocarbon extraction (-37.3%), agriculture, livestock, hunting and fishing (-6.2%) and manufacturing industry (-1.2%). The National Institute of Statistics also reports that imports in January reached $565.4 million, 27.7% less than in January last year.
500,000 vaccines from China to arrive to Santa Cruz on Wednesday
A plane carrying 500,000 vaccines from China's Sinopharm will arrive this Wednesday to Santa Cruz. Bolivia and China signed an agreement on 11 February for the acquisition of the vaccines. In addition to the vaccines, the aircraft is carrying syringes, medicines and five non-invasive respirators donated by a Chinese company in June 2020.
Bolivia seeks funding to complete the $20.8 mn El Alto-Yungas highway
The Bolivian Highway Administration (ABC) is seeking funding to complete the road that will connect El Alto with the Yungas region. The project began in 2013 and it was announced that it will require an investment of $20.8 million.
River swelling threatens 300,000 head of cattle in Beni
The swollen rivers in Beni, mainly in Mamoré, threaten 300,000 livestock and to date 850 properties have already been impacted, informed the treasurer of the Federación de Ganaderos de Beni (Fegabeni), Herlán Ojopi.
