The National Chamber of Industry estimates that, in the 12 days of the blockade of social organizations alone, the industry has lost some $120 million so far and foresees the loss of thousands of jobs. The business sector is demanding government measures to promote the Bolivian Purchase Agreement, establishing that 20% of wages and salaries allocate to the purchase products with a Bolivian-made seal. It would represent about $ 200 million that would boost the demand for national products and contribute to the reactivation of the domestic industry.
Cochabamba produces about 1.7 million birds per week; this implies a loss of about 4.8 million dollars due to the blockades; its main markets are Oruro, La Paz and Potosi.
At least 10,500 artisanal miners in Bolivia will receive technical assistance on the use of mercury in the artisanal and small-scale gold mining sector, the United Nations reported. This mining sector is the largest source of mercury contamination in the world with serious environmental and health consequences. The reported gold production is carried out by 1,406 mining cooperatives throughout the country, which means around 42 thousand sources of direct employment and more than 250 thousand indirect jobs. Production in the first quarter of 2020 was 9,200 kilos, worth almost $460 million.
78% of the construction companies in Cochabamba reduced their personnel as a result of the economic crisis and 10% more plan to do the same in the coming weeks, due to the financial crisis caused by the coronavirus pandemic and the debts to these companies by state agencies. The debts amount to 400 million bolivianos ($57.47 mn), which puts at risk more than 16 thousand direct jobs and 100 thousand indirect ones in the whole department.
After almost two weeks of roadblocks, the shortage of beef is almost total in the country’s markets. Livestock producers in Beni and Santa Cruz have not been able to deliver more than 3.2 million kilos to the western cities, and the economic damage to the sector exceeds 7 million dollars.
Profits of financial entities fell in 31.33% until June, according to the report of the Financial System Supervisory Authority (ASFI). In the first semester profits reached $697 million. The figure is less than $1.015 billion reported in the same period of last year.
The Mutun steel project to date has disbursed around 104 million dollars. However, there are inconsistencies in the progress of the work; the government argues that the development is 3% and the Consul General of China Wang Jialei reported that the company Sinosteel, which executes the project, has an advance of 40%. The steel plant has already had two failed attempts: with the Brazilian EBX in 2006 and with the Indian Jindal in 2012. In January 2019, the construction of the steel plant began with a 30-month completion period.
The Federation of Cattlemen of Beni (Fegabeni) informed this Tuesday that in nine days of blockade the sector lost 17 million Bolivians ($2.44 mn). In this situation, air bridges are being built, which increases costs and forces the price of a kilo of meat to rise in the cities of La Paz and El Alto.
Sectors related to the Movement to Socialism (MAS) have been blocking different roads in various parts of the country for a week. It causes the productive area to report losses in the millions and also prevents the passage of food, medicine and oxygen to the main capitals of the country. The agricultural sector loses approximately $13 million per day; eastern producers are most affected, losing $8 million per day.
It is reported that 2,000 food businesses, discotheques, bars, and liquor stores have been definitively closed in La Paz and El Alto, and therefore, a little more than 30,000 direct employees of this sector are affected.