Heavy rain causes damages to thousands of hectares of crops in Bolivia

Eight municipalities in Santa Cruz are affected by heavy rains that have been registered in the department for weeks. These climatic problems are hitting hard the agri-sector, since they are already around 3,705 hectares of crops of corn, sorghum, peanuts, among others that are already harmed, according to the report of the Association of Municipalities of Santa Cruz.

Bolivia and the Netherlands agree to rehabilitate Water Treatment Plant

The Ministers of Development Planning and Environment, Mariana Prado and Carlos Ortuño, respectively, and the Ambassador of the Kingdom of the Netherlands, Wiebe de Boer, signed a donation agreement of 3.3 million euros for the rehabilitation of the Pampahasi Water Treatment Plant. The donation is part of the Financing of Projects for Social Development, with funding from the Netherlands for the construction of public infrastructures in the sectors of food security, water, climate, health and reproductive rights.

The government announced signs of significant gas reserves

There are signs of significant gas reserves in geological formation of Huamampampa in the regions of Santa Cruz, Chuquisaca and Tarija, announced the government. Hydrocarbons Minister, Luis Alberto Sánchez, said that after having exceeded the 7,800 meters of drilling there are strong indications of the existence of a “sea of gas”. However, gas analysts warned that at that depth the results of production tests should be expected to determine profitability.

World Bank reduces global growth forecast to 2.9% in 2019

The World Bank sent a bleak message about the global economy, reducing its growth forecasts to 2.9% in 2019 and 2.8% in 2020, amid the attenuation of international trade and growing financial pressures on emerging markets. In Latin America, the recovery is losing steam, weighed down by the contraction in Argentina and the persistent uncertainty in the two largest economies in the region: Brazil and Mexico.

Government of Brazil will privatise or liquidate 150 companies

Brazil’s Minister of Infrastructure, Tarcísio de Freitas, reported yesterday that President Jair Bolsonaro will privatize or liquidate at least 150 companies belonging to the State. De Freitas pointed out that these are companies that, according to their criteria, are not important within the Brazilian economy and will be phased out by 2022.