Mercosur 2021: Argentina aims to add to Bolivia

With the institutional normalization reached by Bolivia, after the elections in which the candidate of the Movement for Socialism (MAS), Luis Arce, triumphed, the Argentine government is interested in rushing the agenda of full incorporation of the neighboring country to Mercosur. In the Palacio San Martín it is thought that 2021 could be the year in which the regional bloc could receive the new partner.

Foreign debt reaches $11.62 bn, and Government announces steps to suspend payment for two years

Bolivia's foreign public debt as of April 30, 2020, reached $11.62 billion. The Central Bank of Bolivia (BCB) reported that the debt reached 27.3% of the Gross Domestic Product (GDP). The government is going to negotiate with international creditors to suspend the payment of the foreign debt service until Bolivia recovers economically.

Soybeans are over $420 per ton

The November soy contract rose to $420.07 per ton, while the January position rose to $423.47 per ton according to information reported by the Rosario Stock Exchange. In Bolivia, exports of soybeans and derivatives in 2019 amounted to more than $700 million. In September 2020 it exceeded $560 million, 6% less than in the same period last year when it reached $604 million.

The IDB will bet to repatriate investments from Asia to detonate $50 bn investment

The Inter-American Development Bank (IDB) announced its intention to trigger investment of up to $50 billion for Latin America through a three-pillar plan: Capitalization: Increasing capital resources to finance projects in Latin America. Coordinate efforts: Increase the return and multiplier effect of investments by coordinating with the World Bank and the International Monetary Fund. Repatriation of investments from Asia: It expects that flows of between $30 and $50 billion can return.

IMF forecasts a 7.9% drop in GDP by 2020 and 5.6% growth by 2021

The latest report from the International Monetary Fund (IMF) brings good prospects for Bolivia in 2021. For next year, the agency expects the country to have a 5.6% growth in its Gross Domestic Product (GDP). Concerning 2020, the IMF forecasts that the national economy will contract by 7.9%. IMF improved the projection for Latin America and the Caribbean; it would fall of 8.1% for this year due to the impact of the coronavirus.

LatAm, Caribbean GDP forecast to shrink 8.1% in 2020 – IMF

The Latin America and Caribbean (LAC) region could see an economic contraction of 8.1% in 2020 due to COVID-19 before entering a mild recovery” next year as the easing of lockdowns and adaptation by consumers and businesses help drive business activity, the International Monetary Fund (IMF) said. LAC countries expect to grow by 3.6% in 2021 as countries across the region emerge from deep recessions, but the speed and scale of the recovery will vary between states.

Bolivia election: Exit polls suggest win for Luis Arce with more than 50%

Exit polls suggest socialist candidate Luis Arce, an ally of former President Evo Morales, is set to win Bolivia's presidential election. Exit polls carried out by the Jubileo research institution gave Luis Arce of the Mas party 53% of the votes, followed by centrist candidate Carlos Mesa of the Citizens' Community alliance with 30.8%. A quick-count by pollsters Ciesmori suggested Mr Arce had won with 52.4%, trailed by Mr Mesa with 31.5%.