1.6 million people in Bolivia could receive pension refunds

The bill for the partial or total refund of contributions from the pension administrators (AFPs) is expected to reach at least 1.6 million people, but when they withdraw the money, their pensions will probably suffer a deterioration, warned the Minister of Economy, Marcelo Montenegro. The government expects that the measure will inject at least $500 million into the market.

Exports decreased by $1.91 bn

Bolivia closed last year with a trade deficit of 65 million dollars and a drop of 1.91 billion dollars in exports, compared to 2019, according to the National Statistics Institute (INE). Last year, the country exported $7.01 billion, down 21.4 per cent on 2019 when sales reached $8.92 billion.

Bolivia Once Again Beat its Daily Record of COVID-19 Infections With 2,655 Confirmed Cases

Bolivia has been going through the second wave of infections from the new coronavirus since the end of last year, with more than 2,000 cases a day, something that had not happened since July and August, even exceeding that first stage. The latest data from the Ministry of Health show 2,655 new infections, which raises 193,745 confirmed cases with a curve that shows a marked rise in positives for days in this country, of about eleven and a half million inhabitants.

Due to Covid-19, life insurance triples, limiting underwriters

Faced with the effects of Covid-19, insurance companies are limiting underwriting and applying greater rigour in the sale of life insurance. In a scenario marked by many deaths, the value of premiums in some cases tripled. The National Tax Service (SIN) issued a regulation increasing the Corporate Income Tax (IUE) from 25 to 50 per cent for companies in the financial sector.

Silver Elephant Commences 2,300 meter Maiden Sunawayo Drilling Program in Bolivia

Silver Elephant Mining Corp announces that a 2,300-meter drilling program has commenced at its 100% owned Sunawayo silver lead zinc project ("Sunawayo") in central Bolivia. It is the first-ever drilling campaign in history at Sunawayo, acquired by Silver Elephant in September 2020. Since that time the Company has collected over 900 samples along an 8 km strike length. Over 86% of those samples returned silver assay results grading from 1 g/t to 458 g/t. These results demonstrate extensive near-surface silver mineralization at Sunawayo.