Bolivia’s YPFB reported that it plans to ship about 42,000 tons of nitrogen fertilizer between December 2019 and January 2020, according to the Program of the Directorate of Derivatives and Industrialized Products (DPDI) of the State-owned company. They shall allocate volumes of urea to the internal and external market.
Brazil and Bolivia agreed that from the 1st. January 2020, Brazil will continue to pay for Bolivian gas nominations. Brazil will also not ask for the maximum volumes stipulated in the contract that formally will end this month.
Production of soybeans, maize, sunflower wheat, chia and sage fell by 5% in 2019, said Bolivia’s grain association (Anapo). Anapo’s presidente, Miguel Pantoja, said that the production generated $985 million, 15% lower than 2018. Stagnant production surface, lack of policies to solve existing structural problems, and low international prices are some of the factors that affected the sector.
The agregated budget will be $40.5 billion and the consolidated will be $30.3 billion. The budget forecast an economic growth of 4.24% and inflation of over 3%. It also allocates $5.6 billion for public investment.
The president of the National Chamber of Customs Brokers (CNDA), Antonio Rocha, mentioned that the annual movement for exports and imports is at least 20 billion dollars, and this year there will be a direct impact of approximately 1.5 billion , that is, 7.5 percent. Read more Source: Los […]
The Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco) raised an economic agenda for the Executive to promote Bolivia, with three lines of action: macroeconomic stability, sectoral revival and business support. Read more Source: El Deber
Brazilian company Petrobras announced that it is possible to reduce its natural gas import contract from Bolivia to a volume of 12 million to 20 million cubic meters per day (MMm3/d). Thus, the company needs to sign an annexe with Bolivian Fiscal Oilfields (YPFB).
On Bolivia, Moody’s reported : GDP growth will slow due to increased political risks. Fiscal deficit and foreign exchange buffers may continue to deteriorate as budgetary and current account deficits remain large. This situation, in turn, will affect banks’ business prospects and put pressure on the risk of their assets and financing and liquidity profiles. The rating agency noted that loan mandates and interest rate limits would limit the ability of financial institutions to set risk prices appropriately.
Bolivia’s 2020 budget contemplates that maximum natural gas shipments to Brazil will reach 20 million cubic metres per day (cmd) and 14 million cmd to Argentina. Budget Vice-minister, Magaly Churruarrín, said that the estimations are conservative because the peaks sent in 2019 corresponded to seasonal demand.
Public investment in 2020 will reach $5.2 billion, according to the 2020’s budget, which is being analysed by the Congress. According to the budget, $4.4 billion will come from direct State investment and $823 from the State-owned companies. 67% will be financed by internal resources and 33% by external resources.