Road-blockades in Bolivia are costing a daily $5 million loss to non-traditional exporters (soybean, meat and manufactures). Oswaldo Barriga, president of the Export Chamber of Santa Cruz, demanded the Government to find a solution that open the roads in the country.
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Social conficts in Bolivia are causing a daily $120 million loss, which in 28 days of conflicts means a $3.3 billion loss, warned the Federation of Private Entrepreneurs of La Paz. The organisation also said that the 2019 GDP estimations has been reduced from $44 billion to $40.6 billion.
The collapse of Evo Morales’ government is likely to further delay the auctioning of transport capacity on the Gasbol pipeline to Brazil.
The industrial sector in Cochabamba, Bolivia, estimates a $500 million loss due to the current unrest in the country. He added that the lack of natural gas, due to the damages caused the the Carrasco-Cochabamba pipeline, has forced at least 65 regional industries to reduce or stop their activities.
Until October, the government of former President Evo Morales spent only BS.135.9 billion ($19.7 billion) of the national budget, which represent only 54.6% of the total Bs.249 billion ($36.1 billion) allocated for 2019.
Protests and road blockades have caused an economic loss of $2 billion, Bolivia’s National Chamber of Commerce, Rolando Kempff.
The president of the National Council of Producers and Merchants of Bolivia (Conprobol), Javier Flores, denounced that the mobilisations hurt at least 100,000 business people from sectors such as textiles, shoe-makers, artisans, merchants and others, in the city of El Alto, Bolivia.
Basic products are scarce and some cases prices increased by 400%. The high prices and scarcity are due to social and political unrest in the country.
Ensuring fuel supply, but above all, renegotiating Bolivia’s natural gas export contracts with Argentina and Brazil are the main challenges that the new president of the state-owned YPFB, José Luis Rivero is facing.
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.