Acording the the president of the Bolivian Central Bank (BCB), Pablo Ramos, there will not be a devaluation in Bolivia because the exchange stability supported the positive economic growth in the country.
There are currently 80 companies that finance their activities through the Bolivian Stock Exchange. The annual value traded on the BBC increased in the last four years from almost $US10 bn to $US12.8 bn.
The five main sugar mills of Santa Cruz produced at the end of the current harvest 10.7M quintals of sugar. With this production, the domestic consumption is guaranteed (8.5M quintals) and there is an excedent for export to other markets.
By June 2019, Incahuasi gas field in Bolivia will be producing 11M cubic metres per day, said Total E & P Bolivia´s CEO, Philippe Groueix.
Bolivia will execute Argentina’s guarantee bond for two unpaid bills for gas exports, said Bolivia’s Hydrocarbons Minister, Luis Sanchez. He added that he would visit Argentina next week to address the issue.
A Bolivian delegation, composed by the government and business representatives, is flying to China with the aim of selling cow meat to the Asian country. The livestock industry hopes to initially export 25,000 tonnes to China.
Bolivia’s Hydrocarbons Minister, Luis Alberto Sánchez, said that the gas sales contract to Brazil would not end in 2019 as it could be extended for five years more.
Since Argentina announced a reduced in the demand and the contract with Brazil is almost at its end (2019), Bolivia faced an adverse scenario for its gas exports, noted Bolivian energy expert, Carlos Miranda.
The volumes of natural gas sent and demanded by Argentina in October decreased in October to their lowest level and oscillated in an average of 10 and 12 million cubic meters day (MMmcd), according to information from the neighboring country.
According to a report by the Economic Commission for Latin America and the Caribbean (ECLAC), Bolivia will lead the growth of regional trade in the sale of raw materials by 16.6 percent. South America maintains its exporting category of commodities and will register a growth in trade due to high prices in the international market, but in volume it does not show changes.