The flow of remittances in the first quarter of 2020 reached $285.4 million, lower than the amount registered in the same period of the previous year, due to the measures to contain the spread of COVID – 19 implemented in most of the countries that send family remittances. By country of origin, money transfers came mainly from Spain 41%, the United States 19.6%, Chile 12.9%, Brazil 6.9% and Argentina 5.1%. By destination, remittances arrived mainly to the departments of Santa Cruz 42.3%, Cochabamba 32.4% and La Paz 12.3%.
Swiss Cooperation in Bolivia today launched the DAC Fund: Dialogue and Collaborative Support. The Fund has a budget of nearly USD 4 million, for the next four years, through four calls for NGOs and two calls for NGO networks. Proposals for the DAC Fund can be submitted from […]
The Society of Engineers of Bolivia (SIB) demands from the Government the payment to its associates of 1,621 million bolivianos ($230 mn), for payrolls accrued since 2019 for works performed for state, national, departmental and municipal instances.
Regardless of the low mineral prices, the state-owned Huanuni company reported more than $4 million in losses up to April due to the Covid-19 pandemic.
The balance of the external public debt to March 31, 2020, reached $11.3 billion. Disbursements amounted to $185.1 million. Capital amortization reached $107.3 million, interest and commissions amounted to $114.2 million, with a total debt service of $221.5 million. As to public external debt sustainability coefficients to date, the Solvency indicator (External Debt Balance over Gross Domestic Product DE/GDP) reached 26.6% (the limit is 50%), and the External Debt Service over Goods and Services Exports (SD/Xbs) reached 7.7% (the limit is 15%).
Trilogy International Partners (TIP), which owns telecoms assets in New Zealand(2degrees) and Bolivia (Viva), has reported total revenues of $152.8 million for the three months ended 31 March 2020, down 19% from $187.7 million on an annual basis. The group reported a net loss of $17.3 million for the period under review, compared to a deficit of $2.9 million in the first quarter 2019.In operational terms Viva reported 1.79 million wireless customers at the end of March.
Through the restructuring of the Healthcare Service Network Project requested by Bolivias Ministry of Development Planning, the World Bank has made US$170 millionimmediately available to strengthen the capacity of the healthcare systems response to the Covid-19 pandemic. The resources are being used to purchase supplies, equipment and materials for Covid-19 prevention, screening and treatment, as well as for the protection of healthcare professionals.
In the first quarter of 2020, Bolivia’s imports amounted to $1.98 billion, 19% less than in the same period of the last administration. The volume of these imports fell by 21%. Food and beverage purchases recorded an 8% growth in value and 19% in volume, compared with the same period in 2019. It was the only item that increased.
Between 2006 and 2019, exports of cocoa and its derivatives accumulated over $32 million. In the first quarter of 2020, external sales of cocoa and cocoa products grew by 18% in value, while volume declined by 16% over the same period in 2019. In 2019, Bolivia exported cocoa and cocoa products to 15 countries, the leading destination being Germany with 39% of the total, Switzerland with 25% and Paraguay with 11%. La Paz was the country’s largest exporter of cocoa and cocoa products, accounting for 57% of total external sales. Bolivia exported mainly cocoa derivatives for $1.5 million in 2019.
Boliviana de Aviación (BoA), Amaszonas and Ecojet have lost, among the three airlines, more than 50 million dollars just because of the suspension of operations since last March 22 due to the quarantine. The most significant damage was reported by the state-owned BoA, with a loss of $35 million, followed by Ecojet with $8 million and Amaszonas with $7 million.