The World Bank (WB), in its Global Economic Prospects report, ratified its March projection that Bolivia's Gross Domestic Product (GDP) will have economic growth of 4.7 per cent this year. The outlook is based on the assumption of moderate progress in distributing vaccines in most Latin American countries, fewer restrictions on movement, positive spillovers from advanced economies, and increased commodity prices.
Between January and April, family remittances from abroad reached a value of 449.9 million dollars, an amount 42.1 per cent higher than that recorded in the same period of 2020. Both years are not comparable due to the variation in the behaviour of the pandemic. The BCB report indicates that the resources come mainly from Spain, Chile, the United States, Argentina and Brazil.
Petrobras Bolivia's bank accounts have frozen by order of the agro-environmental court of Entre Ríos (Tarija) since April 14. Petrobras informed that it could not make any pending payments due to the freezing of its accounts due to the precautionary measure. Judge Hesse set the payment of $61.1 million as payment for using the Baldivieso Vacaflor family's land in the first instance of the trial.
Figures from the National Statistics Institute (INE) and prepared by IBCE reveal that in four months of this year, $594 million worth of food exported, 49% more than 2020 in value, and 11% more in volume imports reached $164 million. Sales of non-traditional products, 80% of which are foodstuffs, exceed those of hydrocarbons.
The National Chamber of Industry (CNI) estimated that between 2020 and 2021, the smuggling of mass consumer products would increase by 10%. As a result, approximately 80,000 jobs are at risk due to the impact on the national industry. Source: Página Siete
In the first quarter of 2021, contraband drugs into the country grew by 300 per cent compared to the same period in 2020; the legal importation of drugs also increased, but only by 30 per cent. Source: Los Tiempos
Bolivian lithium continues to be of interest in the global context. The Vice Minister of High Energy Technologies, Álvaro Arnez, stated that more than 19 foreign companies applied to the International Call for Direct Lithium Extraction (EDL), which launched in April this year Yacimientos de Litio Bolivianos (YLB).
The Government approved Supreme Decree 4514, which provides an increase of between 15% and 20% in the import tariff on ceramic tiles and glass containers to protect domestic production.
The Government approved Supreme Decree 4514, which lowers from 20% to zero the import tariff for educational graphic material.
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the company Mato-grossense de Gas (MTGás, Brazil) signed a "firm contract" for the commercialization of natural gas for five years for nine dollars per million BTU (British thermal unit). The contract will run from January 1, 2022, to December 31, 2026. Natural gas supply volumes will range between 133 and 215 MMCD (thousands of cubic meters per day).