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President of CNDA says trade was down by $1.5 bn

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 […]

Moody’s: Political risk and weak growth will affect Bolivian banking

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.

UN calls for more financial aid for landlocked countries such as Bolivia

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.

Bolivian government is considering returning $449 mn of unused funds

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.

Bolivian natural gas loses importance for Argentina

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.