“2018 will close with a “”solvent”” financial system with bad loans representing only 2% -one of the lowest in Latin America- declared the director of the Supervisory Authority of the Financial System (ASFI), Ivette Espinoza.
The number of debit cards in Bolivia reached 4.6 million by September this year, 13% higher than the number registered in the same period of 2017, reported the Supervisory Authority of the Financial System (ASFI).
Mobile transactions in the financial system until September this year reached Bs.1,186 billion, 39% higher than the operations registered in the same period of 2017, reported the Supervision Authority of the Financial System (ASFI).
Due to a high demand bureaus exchange in La Paz were left without dollars for selling to the public. The incident occurred a week after the Bolivian Central Bank decided to close the sell of the US currency through its windows.
Bolivia’s external debt reached $US 9,830 million in the first nine months of 2018. The amount of debt increased 11% from the same period in 2017.
Bolivian Central Bank’s president, Pablo Ramos, stated that the country’s international reserve fall because they are being use to face difficult times. The BCB’s international reserves reduced from $US10.2bn at the end of 2017 to $US8.6bn by the 26 October this year.
There are currently 80 companies that finance their activities through the Bolivian Stock Exchange. The annual value traded on the BBC increased in the last four years from almost $US10 bn to $US12.8 bn.
According to the Bolivian International Trade Institute (IBCE), Gary Rodriguez, public-private partnerships such as the construction of the international ports Jennefer, Aguirre and Gravetal on the Paraguay-Paraná waterway -which provides Bolivia access to the Atlantic Ocean- can have a significant impact on the country’s economic growth that could reach from 4.5% to even 9%.
Women participation in the financial system does not exceed 40 percent in Bolivia. The percentage reduces to less than 30 percent in the directories of financial institutions, the gender gap remains, according to official data and consultancy firm “La Gaceta Financiera.
Con el fin de incentivar los emprendimientos que quieren surgir y aquellos que todavía no se han consolidado, el Banco de Desarrollo Productivo (BDP) lanzó “Soy Joven BDP”, un producto crediticio con el que se puede acceder hasta Bs 140.000.