YPFB expects revenues of $140 million annually after reactivating the urea plant

The state-owned oil company YPFB estimates annual revenues of between $120 and $140 million once the Ammonia and Urea Plant (PAU) reactivates fertilizer production. The plant's stoppage caused economic damage to the State, quantified at $291.19 million, related to lost profits, stoppage costs, repair of damaged equipment and lack of adequate maintenance.

Milk exports drop 68% in 6 years

Between 2014 and 2020, the volume of milk exports fell by 68%, basically due to the closure of the Colombian market. The drop in exports caused the accumulation of more than 3 thousand tons of milk powder in PIL in the PIL dairy company. Source: Los Tiempos

Net International Reserves reach $4.7 bn and secure six months of imports

The level of Net International Reserves (NIR) is close to $4.7 billion and ensures up to six months of imports, officialized the President of the Central Bank of Bolivia (BCB).

The government delivered four headquarters to social organizations costing $3 mn

The government delivered four headquarters to social sectors. The cost of the infrastructure exceeds 21 million bolivianos ($3 million), money came from the National General Treasury (TGN).

The government highlights gas exports, but revenues fall 3.5%

Last week, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the government highlighted increased gas exports from increased shipments to Argentina. However, revenues from natural gas sales fell by 3.5 per cent between April and May 2021 compared to a similar period in 2020.

$70 million budget planned to reactivate the Ichilo-Mamoré waterway

According to government projections, the reactivation of the Ichilo-Mamoré waterway will require a budget of over $70 million and foresees starting work in July of this year.

BCB to exchange gold for foreign currency to increase NIR liquidity

The Government sent a draft bill that authorizes the Central Bank of Bolivia (BCB) to buy the national gold production. He assured that this regulation would strengthen the Net International Reserves (NIR), which declined. Up to June 16, the NIR reached $4.99 billion. $1.95 billion are foreign currency, $2.57 billion are gold, and $241 million are Special Drawing Rights (SDR).

Government proposes a $286.9 million trust fund to finance projects of governorates and municipalities.

The government informed today that it sent the Plurinational Legislative Assembly a draft bill to create a 2,000 million Bolivianos ($286.9 mn) trust fund to finance public investment projects of autonomous territorial entities. This mechanism is called Fideicomiso de Apoyo a la Reactivación de la Inversión Pública (FARIP) and is intended for governors' offices, municipalities and indigenous governments.

INE reports $638 mn trade surplus

According to the latest report from the National Statistics Institute (INE), as of May 2021, the country recorded a trade surplus of $638 million. It is attributable to the increase in the prices of the primary exported goods and a 23% increase in volum

Government creates $11.9 mn fund and avoids Aasana stoppage

The Government and the Administration of Airports and Auxiliary Services to Air Navigation (Aasana) reached an agreement whereby the Government will allocate 83.8 million bolivianos ($11.9 mn) for the payment of seven months of outstanding salaries. The workers had announced a strike affecting operations at 42 air terminals in the country.