Category: Economy

Information regarding Bolivia’s productive sector and the country’s macroeconomy.

The Chilean economy is expected to grow by 4% in 2018

The Chilean economy grew by 4.2% in October, compared to the same month last year, driven by trade and manufacturing. Importantly this was achieved despite a sharp drop in the mining industry, reported the Central Bank. Meanwhile, this Wednesday the monetary authority published its Monetary Policy Report in […]

IDB will invest US$ 300 million in Bolivia in 2019

The IDB representative in Bolivia, Alejandro Melandri, said that the IDB would allocate about 75% of the total amount to infrastructure projects, such as road construction. At the same time, the IDB representative indicated that 600 million dollars were approved for Bolivia in this current year. Read more […]

Public investment will decrease in 2019

Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.

The oil & gas, electricity and lithium industries received $2.5 billion from the government in 2018

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.

Gold is being illegally exploited in the river Beni

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.

Tarija seeks US$400 million for the production from Margarita-Huacaya

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.