YPFB signed a Memorandum of Understanding (MOU) on September 28, 2018 with the Italian firm Pietro Fiorentini SPA for the provision of 100 smart meters for a pilot test in El Alto. This contract involving the replacement of current meters would represent an expense for YPFB of around […]
The president of the Supreme Electoral Tribunal (TSE), Maria Eugenia Choque, presented the list of candidates for the primary elections of this January 27, 2019. Among them were President Evo Morales and Alvaro García Linera for the MAS. Read more Source: ATB
The Association of Private Banks in Bolivia (Asoban) released a report which showed that growth levels had slowed down for both loans and deposits. The total loan book reached ca. US$22 billion, while total deposits stood at US$ 24.9 billion. Of note, 60% of new loans YTD were given to the productive sector and social housing.
During the presentation of the book “12 years of Economic Stability Bolivia,” held yesterday at the Udabol, the Deputy Minister of Budget and Fiscal Accounting, Jaime Durán, reported that this year’s investment was $ us 6,300 million of which 40% ( $ 2,520 million) was directed to the three hydrocarbon sectors, electricity and the lithium industry to produce batteries for electric vehicles.
An ANF investigation discovered that Chinese and Colombian companies exploit gold illegally in the Amazon, in the northern department of La Paz and its confluence with the Beni. To do this they partnered with local cooperatives that gave them their extensive land concessions or grids of 25 hectares in exchange for 20% or 30% of what they will obtain from the exploitation.
The split of revenues from the gas industry in the Margarita-Huacaya field is source to a new interdepartmental conflict, between Tarija and Chuquisaca. The Government of Tarija claims that they did not receive US$ 400 million from the proceeds of royalties and the Direct Tax on Hydrocarbons (IDH) because YPFB did not take into account the interdepartmental limits.
The Bolivian Central Bank’s international reserves are down to US$8.5 billion, the lowest in 9 years
The head of the BCB, Pablo Ramos announced that international reserves would reach US$9 billion at year-end 2018, up from the current US$8.5 billion reported in mid-November. The Minister for the Economia had previously showed numbers indicating that reserves stood at US$10.3 billion at year-end 2017.
Opic, the US’ government’s development finance institution will invest $800 million to develop projects in Argentina. From this amount. $350 million will be allocated to the construction of a gas pipeline linking Neuquén and Rosario. This will thus allow the northern part of the country to be supplied by the production coming from Vaca Muerte, thereby replacing Bolivian gas.
By Bolivia Económica Executive Summary The rising demand for lithium-ion batteries used in Electric Vehicles (EVs) and rechargeable batteries is substantially increasing the demand for lithium. Indeed, securing the supply of lithium is increasingly becoming a top priority for technology and automotive companies in the US, Asia and […]