Together with the Small and Micro Enterprises (SMEs) sector, the transport sector represents 5% of the entire portfolio managed by the private banks. On Tuesday the transport sector completed a day of unemployment, after abandoning negotiations with the government for an extension of the credit deferment for a period of six months.
The smuggling of food products and alcoholic beverages from Argentina caused economic losses of $120 million in 2020 to three sectors: the wine, dairy and food industries.
The Governor's Office of Santa Cruz warned that the National Agricultural Health and Food Safety Service (SENASAG) conflicts could jeopardise the country's $1.2 billion income in exports.
The deferral applied in 2020 in credit quotas payment meant that banks did not receive at least $4 billion in capital and interest. If the deadline extends, as demanded by various sectors, it would be a further blow to the financial system, warned the Association of Private Banks of Bolivia (Asoban).
Marcelo Gabino Gonzales Saique appointed on Monday as the new executive president of Yacimientos de Litio Bolivianos (YLB). He will have the mission of reactivating the process of industrialization of lithium, which has not taken off for 13 years in the country. Marcelo Gonzales has extensive experience in the area and YLB.
The Bolivian financial authority (ASFI) instructed banks to grant a grace period of at least four months for bank loans. During this time, borrowers will only pay interest, but not capital repayments.
According to scientists in the Andean nation, Bolivia's Tuni glacier is disappearing faster than initially anticipated, a predicament that will likely make worse water shortages already plaguing the capital La Paz, just 60 km away.
As was done last year, returning to a rigid quarantine would generate a $10 million per day loss to Bolivian industry. The country's economic situation is critical, and new confinement will make it even worse.
With an investment of over Bs 26 million ($3.73 mn), three water resource management and integrated basin management projects will reactivate in the department of Tarija: Forestation of the Miscas district - Juntas del Rosario Camacho basin; Forestation and reforestation of the micro-basin at the Bermejo river; and Forestation and reforestation of the Guadalquivir river.
According to Supreme Decree 4436, the Tax on Large Fortunes (TLF) covers millionaires with over Bs30 million ($4.3 million) who must pay up to 31 March and residents abroad up to 30 April. The TLF sets 1.4% for Bs30 - 40 million ($ 4.3 - 5.7 million); 1.9% for those with Bs 40 - 50 million ($5.7 - 7.17 mn); and 2.4% for those over Bs50 million ($7.17 million).