Public investment reached $1.3 bn in six months

The government reported yesterday that executed public investment reached approximately $1.3 billion in six months, from November 2020 to April 2021.

YPFB to sell gas for five years to Brazil’s MTGás

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the company Mato-grossense de Gas (MTGás, Brazil) signed a "firm contract" for the commercialization of natural gas for five years for nine dollars per million BTU (British thermal unit). The contract will run from January 1, 2022, to December 31, 2026. Natural gas supply volumes will range between 133 and 215 MMCD (thousands of cubic meters per day).

YPFB forecasts oil revenue of $3.5 bn from Charagua well

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported yesterday that the state-owned oil company plans to obtain $3.5 billion in oil revenues from the Charagua X-1 well, drilling of which will begin in 2022.

High soybean and gold prices increase the country’s exports by 34%

In the first four months of this year, the value of Bolivian exports rose 34 per cent due to the increase in the price of products such as gold, soybeans, tin, and others.

Loans exceed $20.23 million and extended to agricultural and livestock farmers

As part of the reactivation plan, Banco Unión and Banco de Desarrollo Productivo (BDP) have placed 1,290 loans for an amount of Bs141 million ($20.23 mn). Ninety-seven per cent of the operations correspond to microcredit, and through Supreme Decree (DS) 4509, credit coverage extended to the country's agricultural sector.

Up to 30% of the agrochemicals entering Bolivia come from smuggling

Bolivia does not have an agrochemical production industry, so demand is being met exclusively by imports. In the last three years, smuggling these inputs has increased considerably, representing at least 30% of legal imports. Estimates indicate that this activity has an economic turnover of between $40 and $50 million annually and that, due to poor … Continue reading Up to 30% of the agrochemicals entering Bolivia come from smuggling

Bolivia records a $453 million trade surplus

Up to April 2021, Bolivia recorded a trade surplus of $453 million. Exports grew 34%, and imports registered a 16% increase.

Bolivia paid almost $1 bn for arbitration awards, six cases in progress

Since 2006, the State has faced more than 15 lawsuits and had to pay close to one billion dollars in compensation to the foreign companies claiming for the nationalization. Six arbitrations are still ongoing.

12.5 million hectares are affected by deforestation and other problems affecting communities

A Fundación Tierra report warns about expanding the agricultural frontier in Santa Cruz and the consolidation of 12.5 million hectares of soybean, livestock and other crops. The Foundation's report warns about the expansion of the agricultural frontier in Santa Cruz and the consolidation of 12.5 million hectares of soybean, livestock and other crops.

Imports of fuels and lubricants rose 116% in the first four months of the year

Imports of fuels and lubricants from January to April rose 116% in value and 141% in volume, compared to the same period in 2020. This large category increased from $197 million in 2020 to $427 million this year.