The Central Bank expects to close 2018 with an inflation rate of 2%. "With regard to growth, it is expected that this year the country will have the second economy in the region with 4.4%," said Sergio Cerezo, the treasury manager of that institution. Read more Source: ABI
The Chilean economy grew by 4.2% in October, compared to the same month last year, driven by trade and manufacturing. Importantly this was achieved despite a sharp drop in the mining industry, reported the Central Bank. Meanwhile, this Wednesday the monetary authority published its Monetary Policy Report in December, which estimated a growth of 4% … Continue reading The Chilean economy is expected to grow by 4% in 2018
The IDB representative in Bolivia, Alejandro Melandri, said that the IDB would allocate about 75% of the total amount to infrastructure projects, such as road construction. At the same time, the IDB representative indicated that 600 million dollars were approved for Bolivia in this current year. Read more Source: La Razon
YPFB signed a Memorandum of Understanding (MOU) on September 28, 2018 with the Italian firm Pietro Fiorentini SPA for the provision of 100 smart meters for a pilot test in El Alto. This contract involving the replacement of current meters would represent an expense for YPFB of around 100 million dollars. Read more Source: Pagina … Continue reading YPFB could pay up to $ 100mn to an Italian firm specialised in smart meters
The president of the Supreme Electoral Tribunal (TSE), Maria Eugenia Choque, presented the list of candidates for the primary elections of this January 27, 2019. Among them were President Evo Morales and Alvaro García Linera for the MAS. Read more Source: ATB
Contraband of alcoholic beverages costs Bolivia $ 220 million per year, warned the president of the National Beverage Chamber (Canabe), Karina Herbas. Each week 2,000 bottles of alcoholic drinks issued illegally are seized in the country.
Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.
Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.
Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.
The Association of Private Banks in Bolivia (Asoban) released a report which showed that growth levels had slowed down for both loans and deposits. The total loan book reached ca. US$22 billion, while total deposits stood at US$ 24.9 billion. Of note, 60% of new loans YTD were given to the productive sector and social housing.