In the last 11 months, the Net International Reserves (NIR) fell from $6.47 billion recorded as of December 31, 2019, to $5.15 billion as of November 2020, according to the latest official report of the Central Bank of Bolivia (BCB). This fall is 20.3%, a lower figure than that predicted by the International Monetary Fund (IMF).
According to data from the Banco de Desarrollo Productivo (BDP), up to the end of September 2020, its first-floor productive loan portfolio was Bs 2.36 billion ($338.4 mn), of which 69% went to the agricultural sector, for a value of $233.4 million.
Bolivian foreign sales totalled $5.44 billion, 27% less than the same period in 2019. Imports totalled $5.6 billion, 31% less than the same period last year. These values result in a negative trade balance of $168 million.
The Minister of Economy and Public Finance, Marcelo Montenegro, on Tuesday, appointed Liliana Karina Serrudo Miranda as President of the National Customs. The authority has a degree in law and a master's degree in government management and public administration. She worked in the National Tax Service of the district of Tarija, was a summary lawyer of the National Tax Service, National Tax Service Chuquisaca, among other positions.
Unemployment caused by the economic slowdown before the pandemic and the impact of the health crisis is not the only problem facing the Bolivian economy, but also underemployment which, in the third quarter, shot up to 16.6% of the economically active population (EAP). In the case of women, it reaches 20% and in the case of men 14%. The EAP rises 3.6 million people in the country so that more than 597,000 people are currently underemployed.
The fall in exports by more than two billion dollars until October should call for reflection. According to data from the National Institute of Statistics (INE), Bolivia's trade balance registered a deficit of 168 million dollars as of October; while exports fell by 27%, and imports fell by 31% concerning the same period in 2019.
Until October 31, the internal debt of the National Treasury (TGN) reached Bs 64,887 million (Ch$9.3 bn). Since December of last year, this indicator shot up 46.52%, reaching 24% of the Gross Domestic Product (GDP).
The municipality of Saipina in Santa Cruz is the new pole of table grape production in the department, the area cultivated with grapes grew from 50 to 120 hectares in the last four years. The average output is between 25 and 30 tons of grapes per hectare. Seventy grape growers sell their offer in Chuquisaca, Santa Cruz and Cochabamba.
Until the first half of 2020, the country registered 10.4 million internet connections, according to the report State of the Internet in Bolivia. The report reveals that 91.99% of all internet connections established through 2.5G, 3G and 4G mobile access technologies.
Less than one month before the deadline established in the General Labor Law to pay the Christmas bonus until December 20, the Bolivian Institute of Foreign Trade (IBCE), proposes the Government to obtain a credit to leverage the payment of the Christmas bonus in the private sector of $400 million, via direct credit from the Union Bank or the Bank of Productive Development (BDP).