Banana producers in Bolivia estimate that they have lost more than 60 million dollars this year due to the economic crisis caused by the coronavirus pandemic, which also reached the Argentinean market, the leading buyer of Bolivian fruit. Until March, 90% of the bananas produced in Chapare sent to Argentina; now the figure has been reduced to 75%. Sales to the neighbouring country not only dropped in volume but also in price. The 20-kilo box currently quotes at 4.5 dollars, and its real cost should be six dollars.
The pandemic forced companies to close leases and move into small spaces. The rental value for corporate space plummeted by 25%, and the cost per square meter for sale fell by 15-23%.
In Bolivia, banks have reprogrammed $932 million to 3.7% of the total portfolio, which totals $24.57 billion as of June 2020. Asoban said that the arrears up to July 2020 amount to $485 million, 1.97% of the total, the same as in 2019. Experts warn that the deferral of credit payments until December endangers the economic and financial stability
Amilcar Taboada Arnold, with a broad trajectory in development, business and departmental management, was a member of the essential hydrocarbons commission of the pro-interest committee of Tarija. During this period necessary definitions were made in the national hydrocarbons policy and the vision of the sector, the new regulatory framework was defined, where Tarija aimed at the export of gas with the Pacific LNG Project.
Gary Prado, Luis Núñez and Luis Alberto Áñez appointed as members of the board of directors of the Mutún Company
Attorney Gary Prado Araúz, the former president of the Santa Cruz Committee, Luis Núñez Ribera, and the former president of the Provincial Civic Committees, Luis Alberto Áñez, were appointed today, by decree, as members of the board of directors of Empresa Siderúrgica del Mutún, representing the executive body.
The sugar mill of Industrias Agrícolas de Bermejo Sociedad Anónima (Iabsa) started at noon on Monday with the milling of sugar cane after Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) guaranteed the supply of natural gas. The agribusiness plans to process 35,000 tons of cane to produce 300,000 tons of sugar and alcohol, in three months.
In the country there are around 872,000 Agricultural Production Units (Upas), of which 92% (725,000 UPAs) correspond to family agriculture producers, involving more than 3 million people, in the entire production chain; 7% are medium-sized producers; and 1% are large producers, with 25,000 families that are mostly soy producers.
The government relaunched the ‘green fuels’ program to reactivate the sugar sector and generate 10,000 jobs. It foresees the purchase of 200 million litres of ethanol. Industrialists are betting on new investments, the Plan for the Economic Reactivation of the Agro-Industrial Sector, vindicated the investment commitment of at least $150 million and the aspiration, both of sugarcane growers and industrialists, to recover the capital injected in the framework of Bolivia’s incursion into the era and production of green fuels.
ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced a partnership with EBANX, a provider of payment and financial solutions for global organisations expanding in Latin America. With the ACI Secure eCommerce solution, EBANX will initially offer local credit card payments, instalments and alternative payment methods for the Latin American market. This collaboration will enable the acceptance of the most relevant payment methods across Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Uruguay.
Bolivia’s government has awarded new contracts to workshops for the conversion of vehicles to CNG, maintenance of equipment, requalification and replacement of CNG cylinders in the department of Tarija. The contracts will support the sustainability of the policy of changing the energy matrix to natural gas. The Government hopes that the initiative will contribute to the generation of more than 120 new jobs.