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.

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.

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.