Marcelo Gonzales appointed President of YLB with the challenge of industrialise Bolivia’s lithium

Marcelo Gabino Gonzales Saique appointed on Monday as the new executive president of Yacimientos de Litio Bolivianos (YLB). He will have the mission of reactivating the process of industrialization of lithium, which has not taken off for 13 years in the country. Marcelo Gonzales has extensive experience in the area and YLB.

Regional and local governments receive only 8.7% of the national budget

The departmental and municipal autonomous governments administer less than 10% of the state budget and must face the pandemic's resurgence this year with more significant needs and obligations, while the central level left with more than 90% of the resources. This year the country's 337 municipalities will administer 5.7% of the entire budget, while the country's nine departments manage 3%.

Quantum will open a shop in Paraguay and plans to sell 90 electric vehicles per month

After a market study, Quantum Motors, a company from Cochabamba, decided to open a Paraguay branch, where it plans to sell 20 cars and 70 electric motorbikes per month. Quantum will be the first formal company to enter the electric vehicle business in Paraguay. In 2020 in Bolivia it managed to sell 400 motorbikes and 300 electric cars, mainly in Santa Cruz and Cochabamba.

Bolivia achieved a $99.5 million trade surplus in November

Little by little, the numbers of foreign trade are recovering in the country. According to the latest report of the Foreign Trade Statistical Bulletin, prepared by the National Institute of Statistics (INE), in November the country registered a trade surplus of $99 million, the highest in 2020. However, total exports from January to November 2020 reached $6.17 billion, showing a decrease of 24.2% compared to 2019.

Gas revenues down 28% in 2020

Natural gas exports fell by 28 per cent in 2020 due to the drop in hydrocarbon prices caused by the Covid-19 pandemic. According to data from the Bolivian Institute of Foreign Trade (IBCE), between January and November 2020 the country received $1.86 billion for the export of 8.28 million kilos of hydrocarbons. The value is 29% of the $2.6 billion received in 2019 for the export of 8.35 million kilos. In this context, the export outlook is uncertain for 2021, given the resurgence of the disease.

Anapo estimates that the country could generate $1.2 bn from value-added soybean exports

With international soybean prices at over $500 per ton, the Association of Oilseed and Wheat Producers (Anapo), sees favourable prospects for producers and the opportunity to get a fair price for their production, $420 per ton in Santa Cruz. Anapo estimates that the country can generate about $1.2 billion in exports of value-added products such as soybean oil and cake, representing a 50% increase over the value of exports in recent years.