Damages to Police installations reached $21.7 million

The damage caused to police installations after the recent political and social unrest in Bolivia reach Bs. 150 million ($21.7 million), said the head of the institution, Rodolfo Montero. Several police quarters were burned by Evo Morales’ supporters after his resignation to the presidency.

Brazil-Bolivia gas talks suspended

Brazil’s national agency for petroleum, natural gas and biofuels (ANP) says that, until fresh Bolivian elections are conducted, discussions will remain suspended. To further complicate things, Petrobras still has considerable unsupplied gas credits under the expiring contract which could last an additional two to four years.

First Bolivian car maker plans to sell more than 1,000 electric vehicles

Industrias Quantum Motors S.A. will be the first electrical car maker in Bolivia and, after receiving the certificate to produce cars from the Government, plans to sell more than 1,000 electrical vehicles across the country. Carlos Soruco, founding partner of the company said that there are existing orders for 150 electric cars, of which 44 have been already assembled. The price range are $5,200 to $5,900, depending on the model.

Bolivia will prioritise electricity exports to Brazil and Argentina

Bolivia will prioritise electricity exports to Argentina, said the Energy Minister, Alvaro Guzman. Bolivia has currently can produce 3,000 megawatts (mw) and the domestic demand reaches around 1,500 mw, leaving the surplus for exportation. Currently there is an export project to Argentina and there is the potential to sell electricity to the Brazilian state of Matto Grosso.

Bolivia’s 2020 budget contemplates $1.5 bn issuance of sovereign bonds

Bolivia’s 2020 Budget project contemplates the emission of sovereign bonds for $1.5 billion. “The Ministry of the Economy is authorised to hold public debt operations in external capital markets amounting to up to $1.5 billion or its equivalent in other currencies, for budgetary support”, said art. 19 of the Budget draft law, that it is expected to be reviewed by the Congress.