On Indigenous territories in Bolivia that have secured property rights, deforestation rates are 2.8 times lower than outside of them. Such lands cover 20% of the country’s territory, so the contribution of Indigenous peoples in Bolivia to fighting climate change is substantial. Source: Phys
The president of the National Chamber of Customs Brokers (CNDA), Antonio Rocha, mentioned that the annual movement for exports and imports is at least 20 billion dollars, and this year there will be a direct impact of approximately 1.5 billion , that is, 7.5 percent. Read more Source: Los […]
The Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco) raised an economic agenda for the Executive to promote Bolivia, with three lines of action: macroeconomic stability, sectoral revival and business support. Read more Source: El Deber
Brazilian company Petrobras announced that it is possible to reduce its natural gas import contract from Bolivia to a volume of 12 million to 20 million cubic meters per day (MMm3/d). Thus, the company needs to sign an annexe with Bolivian Fiscal Oilfields (YPFB).
On Bolivia, Moody’s reported : GDP growth will slow due to increased political risks. Fiscal deficit and foreign exchange buffers may continue to deteriorate as budgetary and current account deficits remain large. This situation, in turn, will affect banks’ business prospects and put pressure on the risk of their assets and financing and liquidity profiles. The rating agency noted that loan mandates and interest rate limits would limit the ability of financial institutions to set risk prices appropriately.
Monthly inflation in November this year was 1.11% compared to October. The 11-month cumulative rate reached 3.06% and cumulative 12-month inflation was 3.41%, according to the National Statistical Institute (INE) report.
The United Nations on Thursday demanded further assistance to facilitate the development of landlocked countries, such as Bolivia and Paraguay, which face particular difficulties over their geographical situation in combating poverty. The UN General Assembly adopted a declaration calling for more financial support for these nations and more cooperation to facilitate their access to international trade.
The Government is considering returning $449 million (as at end-November) which had been allocated to the hydrocarbon exploration fund, in force since December 2015. The Incentives Act (Ley de Incentivos) will not be overturned, but the Government will assess whether or not the funds were or will be deployed. The funds were initially taken from regions, universities and others.
The state attorney general, José María Cabrera, revealed on Thursday that at least four international processes facing the country put at risk 1,000 million dollars for possible compensation in case of adverse failures.
A report published by La Nación hinted that imports of natural gas from Bolivia tend to lose prominence in the energy matrix of the neighboring country that supports its strategy in the rationalization of resources and greater local production of energy not only hydrocarbons, but electricity.