Revenue reduction from gas sales in 2020 is estimated at between $700 and $850 mn

The WTI oil price rose by 69%, to almost $32 per barrel in May, but the upturn will not immediately impact the cost of Bolivia’s export gas, the price of which is reflected in revenues with a six-month lag. If the recovery in the international price of WTI continues, the positive impacts will not be evident until the beginning of 2021. According to analysts, the reduction concerning that budgeted for 2020 would be between $700 and $850 million.

400 travel agencies in the country close down

After almost two months without operating, 400 travel agencies have closed in the country, and the Bolivian Association of Travel and Tourism Agencies (Abavyt) and the National Chamber of Tourism Operators (Canotur) are asking the Government to take over the payment of 4,000 basic salaries for six months, to avoid layoffs and mass unemployment in this sector.

Mining companies owe Vinto $83.2 mn

Metalúrgica Vinto charges $675 to Huanuni and $660 to Colquiri per ton of treated tin. Other smelters charge more than $US 880. The company also points out that in January there was evidence of a debt of $83.2 million for the purchase of tin concentrates from Huanuni, Colquiri and mining cooperatives.

Bolivia has the largest reserves of lithium with 21 mn tons

Bolivia has in its territory, about 21 million certified metric tons. The U.S. Geological Survey (USGS) reported in February of this year, in its annual report “Mineral Commodity Summaries”, that Bolivia is the first lithium holder displacing Argentina, which occupied that position until 2019. More than one country will likely be interested in participating in the development of what could be Bolivia’s new economic engine. However, those ambitious plans will have to wait for the elections of a new government, the end of the quarantine and the hard reactivation of the mining and industrial sector.

Nearly 600 poultry farmers declare bankruptcy

The latest report reveals that 600 have ceased operation, which is 50% of the small and medium producers in the country, according to the Association of Poultry Farmers (Avipar). They decided to ‘throw in the towel’ in a business that pays Bs 3.50 per kilo of live chicken and that in the current situation requires a production cost of Bs 8 for the same volume. The sector demands state support.

Electricity consumption subsidy reaches $ 25.5 mn

The Electricity and Nuclear Energy Control Authority stated that during the month of April a total discount of Bs 177.8 million ($25.5 mn) was made to 2.6 million homes in the country. The State plans to invest Bs 490 million ($70.4 mn) for this economic relief measure for the population, though will extend it for the months of May and June, according to data from the Ministry of Economy.