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Digital media consultant and journalist. Passionate about history.

Bolivia to hold new presidential election

Bolivia will hold a new presidential election on May 3 and political parties have until February 3 to present their candidates. The current elections will replace the one annulled last year amid allegations of fraud and forced the resignation of Evo Morales to the presidency.

Bank deposits fell from 65 to 61% of Bolivia’s GDP

Bolivia’s bank deposits dropped from 65% of the GDP in 2018 to 61% in 2019, while loans grew from 62% to 64% of the GDP, according to the Industry and Commerce Chamber of Santa Cruz (CAINCO). According to the government, bank deposits reached up to November 2019 $25.4 billion while loans were $26.5 billion.

Pension funds reached $19 billion

Deputy Minister of Pensions and Financial Services Osvaldo Jáuregui reported that the pension system funds administered by the AFPs reached $19 billion. The Government also announced that will end permanently the $10.9 million contract with Colombia’s Heinsohn Business Technology, which was hired to design software for the state-owned Long Term Social Security management company.

Bolivia ends 2019 with the highest fiscal deficit in 17 years

Bolivia will end 2019 with the highest fiscal deficit in 17 years, at 9% of the Gross Domestic Product (GDP), according to the Commerce and Industry Chamber of Santa Cruz (CAINCO). A fall on tax collection and state incomes are the main reasons for the deficit. According to the Jubilee Foundation, hydrocarbon revenues fell by 18% while tax collections reduced by 3.5%.

Bolivia has the highest mobile internet fare

Bolivia has the highest mobile internet rate in South America, with an average of $8.41 per gigabyte (GB), Chile has the lowest cost at $1.87 per GB, according to the global ranking prepared by the international portal, based on collection and analysis of 6,313 mobile data plans in 230 countries.