Rescheduling of deferred credits totalling $529 mn

Up to February 28 of this year, financial institutions accepted the request for refinancing and rescheduling of 19,440 deferred loans for a value of $529 million. The grace period is six months for rescheduling and refinancing loans, without payment of interest or principal, and was approved in December 2020, benefiting all sectors.

YPFB plans to drill five wells in 2021

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is working on an exploratory plan that contemplates an investment of more than 400 million dollars destined, among other activities, to the drilling of five wells. At least eight new projects currently under design expected to be incorporated this year.

Bolivia ranks 74th out of 76 in the mining investment attractiveness index

The Fraser Institute of Canada's ranking, which analyzes mining investment conditions in the world, once again placed Bolivia at the bottom of its list. In the 2020 index, the country appears in 74th place out of 76 nations and territories analyzed in the general ranking of mining attractiveness. In recent years, Bolivia has always occupied one of the last ten positions. The scale combines the Mining Potential Best Practices index, which rates countries and territories according to their geological attractiveness, and the Mining Policy Perception index measures the effects of government policy on exploration investment.

Gas exports fall by 29% year-on-year

According to the latest report from the National Statistics Institute (INE), exports from the hydrocarbons sector of February 2021 fell by 29.0%, compared to the same period in 2020. Currently, sales generated by hydrocarbons represent 22% of national exports. On the other hand, non-traditional exports rebounded. The main products that increased their exports year-on-year were soybean products by 69.4%, tin metal by 42.4% and beef by 96.0%.

The cotton cultivated area falls by 70%

In the 2020 and 2021 crop cycle, the area planted to cotton decreased from 3,000 to 900 hectares (70%). The sector has a stock of 50,000 quintals of cotton from the 2019 and 2020 harvests stored at the Godefroy, Digrabol and Cuatro Cañadas gins. At current international cotton prices, the immobilized value is around $ 3.9 million.