Asfi: in nine years funding for women grew 304%

The Financial System Oversight Authority (Asfi) reported on Friday that over the past nine years, funding towards women increased by 304%, ranging from $1.6 billion in 2010 to $6.5billion until August 2019. Asfi points out that today women account for nearly 40% of the system’s borrowers, thus closing the gap between men and women having the same access to financial services.

World Bank estimates 3.9% of GDP Growth for Bolivia

The World Bank (WB) published its latest biannual report “Latin America and the Caribbean: Trade integration as a path to development?” where it estimates a 3.9% Gross Domestic Product (GDP) growth for Bolivia as well as predicts slow growth for the region. According to the WB, the “disappointing” performance is partly due to the three largest economies in the region experiencing challenging times. In fact, Argentina is in an economic crisis, Brazil is coming out of recession and Mexico is suffering from an economic slowdown. According to the BM projections, Bolivia will present the highest level of growth, followed by Colombia with 3.3%; Chile 2.5%, Brazil 0.9%, while Argentina has a decrease of -3.1% as does Ecuador -0.1% of its GDP.

Tourism in Bolivia generates $850 million

According to data from the Ministry of Culture and Tourism, Bolivia generates 850 million US dollars annually in revenue; a growth three times more than recorded in any other Latin American countries. This implies that Bolivia is growing at an annual rate of 9.8% in tourism.

In 4 months, $147 million more was spent to import fuels

According to data prepared by the Bolivian Institute for Foreign Trade (IBCE), based on the report of the National Statistical Institute (INE), during the first quarter of 2019, the Bolivian state spent $530.4 million in  purchases of gasoline and diesel; an increased of $147 million compared to a similar period in 2018, when $383.4 million was eroded.

CAO: without ethanol, the sugar sector would had faced a crisis worse than the soybean sector

Under the ‘Bolivia in the age of biofuels’ programme, it was agreed to produce 80 million litres of ‘green fuel’ to mix as an additive with petrol and to reduce the import of petrol, which represents, by value, savings for Bs 400 million. The Agricultural Chamber of the East (CAO) through its general manager, Edilberto Osinaga, stated that if the ethanol 92 project was not launched in the national market, the sugar sector would have faced a crisis worse than the one impacted the soybean sector.