The level of Net International Reserves (NIR) is close to $4.7 billion and ensures up to six months of imports, officialized the President of the Central Bank of Bolivia (BCB).
The government delivered four headquarters to social sectors. The cost of the infrastructure exceeds 21 million bolivianos ($3 million), money came from the National General Treasury (TGN).
Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.
SOS Agro, an initiative that emerged in adversity and the midst of the health crisis, reached a valuation of one million dollars in a seed investment round. The idea designed to facilitate farmers' productive work through satellite images of their crops, which can be viewed and monitored through a mobile application.
The Bermejo sugar mill will have to use firewood and bagasse during the 2021 harvest, even though the state-owned YPFB announced the provision of diesel to solve the shortage in this industry. The lack of gas supply jeopardizes the production of at least 1 million litres of alcohol. For this year, the factory plans to produce 700,000 quintals of sugar. Milling will begin this Wednesday.
Bolivia produces 63,000 tons of quinoa per year, of which 32,000 tons, or less than 50%, are exported. There is a notable drop in exports due to the increase in production of the grain in countries such as the United States, China, Spain, and France, which are close to covering their domestic demand. Between January and May 2021, exports dropped 30%, reaching $25 million, less than last year when the country received $36 million.
Last week, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the government highlighted increased gas exports from increased shipments to Argentina. However, revenues from natural gas sales fell by 3.5 per cent between April and May 2021 compared to a similar period in 2020.
According to government projections, the reactivation of the Ichilo-Mamoré waterway will require a budget of over $70 million and foresees starting work in July of this year.
The Government sent a draft bill that authorizes the Central Bank of Bolivia (BCB) to buy the national gold production. He assured that this regulation would strengthen the Net International Reserves (NIR), which declined. Up to June 16, the NIR reached $4.99 billion. $1.95 billion are foreign currency, $2.57 billion are gold, and $241 million are Special Drawing Rights (SDR).
Potential cocaine production in Bolivia grew by 44% in the 2010-2020 period, according to a report by the US Office of National Drug Control Policy (Ondcp). Coca cultivation in Bolivia totalled 39,400 hectares in 2020, a slight decrease of about 7% from 2019, but still close to record levels. Potential cocaine production remained stable at … Continue reading Bolivia increases potential cocaine production by 44%, according to a U.S. report