Due to the Covid-19 pandemic, new businesses' registration fell by 19 per cent in 2020 compared to 2019. Economists agree that companies require support from the government because the reduction impacts the country's unemployment rate.
Category: Public policy
Information related to political affairs that have an impact on Bolivia’s economic development.
Blockades halt exports of $2.5 mn a day
While the national government, together with soybean producers and the oil industries of Santa Cruz, continue to analyse the validity of the price band for soybean meal, the blockades on the highways connecting Santa Cruz with Cochabamba and Beni reached their third consecutive day yesterday, causing a loss of 2.5 million dollars a day for exports that are not carried out.
Soybean: price band creates losses of $100 mn and risks exports
Soybean producers in Santa Cruz completed their first day of blockade yesterday, demanding the national government to eliminate the price band for soy derivatives, given that this system alters the negotiation with the oil industries and leaves a loss of at least 100 million dollars.
Reserves are encroached upon, and INRA plans to authorise settlements on 4,000 ha
The illegal entry of people into the Bajo Paraguá Municipal Protected Area and the Guarayos Forest Reserve warns of the return of severe conflicts over land tenure in Santa Cruz. The Guarayos native peoples denounce that the encroachers intend to take parks, reserves and native lands even with firearms, while the National Institute of Agrarian Reform (INRA) plans to authorise settlement resolutions on 4,000 hectares in the first quarter of 2021 alone.
Government announces commissioning of wind farms and combined cycle plants to generate 3,500 MW by 2021
The government reported that three wind farms and three combined cycle systems in thermoelectric plants would be commissioned in the coming months, bringing electricity production capacity to more than 3,500 megawatts (MW) this year.
SIN to identify fortunes in excess of $4.3 million in order to collect the wealth tax
The National Tax Service (SIN) will carry out the investigation, control and inspection to identify individuals who do not register as taxpayers of the Tax on Large Fortunes (IGF) despite having a net worth of more than Bs.30 million ($4.3 million).
Bolivia signs deal with China’s Sinopharm to acquire 500.000 coronavirus vaccines
Bolivia said it had inked an agreement with China's Sinopharm locking in an initial supply of 500,000 doses of the company´s vaccine against coronavirus by the end of February. Bolivian President Luis Arce said China’s President Xi Jinping had agreed to sell Bolivia 400,000 doses and had donated another 100,000 doses to the South American nation.
Government signed agreements to promote the industrialisation of coca leaf
The Ministry of Rural Development and Lands signed agreements with two universities in the department of La Paz to promote the industrialisation of coca leaf and its use in agricultural production.The agreement aims at the elaboration and agronomic validation of compost based on coca leaf, and the basic transformation of its derivatives.
Government to deliver 30,000 Quipus Kuaa computers to teachers and students
The government will distribute 30,000 Kuaa computers, from the state-owned Quipus, to students and teachers who do not have the technology and resources for distance education. The Minister of Education, Adrián Quelca, clarified that the stock is limited and will be distributed among students in vulnerable situations.
Senate approved $350 million loan from CAF
The Senate approved a $350 million loan from CAF for the health emergency. The loan was approved by the Chamber of Deputies last week. The Minister of Planning, Grabiela Guzmán, said that this credit is freely available. It can therefore be used for other emergencies caused as a collateral effect of COVID-19.
