The insurance market reached $524.9 mn in 2019

The insurance market in Bolivia grows at a steady pace, by November 2019, reached a Direct Net Cancellation Production of $524.9 million, which presents the following distribution:
General Insurance constituted 50.9% ($267.4 million). Bonds Insurance constituted 3.8% ($ 20.1 million). Obligatory Insurance constituted 4.3% ($ 22.6 million). Personal Insurance constituted 40.9% ($214.8 million). Social Security Insurance constituted 0.01%.

Bolivia boosts genetically modified seeds and could triple its grain production

The Government of Bolivia authorized the use of maize, sugar cane, algódon, wheat and soy (sic), genetically modified at its various events, aimed at supplying domestic consumption and external marketing, which would allow to triple in a few years of the current grain production in the country, stagnant in just over 4 million tons (3% of the total Argentine harvest). It expects an economic movement of 2.8 billion dollars, which would be distributed throughout the food production chain, with an important multiplier effect to energize the economy, value the land and generate more than 300 thousand direct and indirect jobs.

Three Bolivian airlines ask for a credit to survive

Boliviana de Aviación (BoA) manages resources to pay salaries and rent with the Fund for the Productive Industrial Revolution (Finpro) credit from the national government. It is not ruled out that the company may apply for another loan because Finpro can only lend it $24 million. Ecojet hopes that the government can loan it with the guarantee of its aircraft. Amaszonas reported the urgency of a capital injection

Natural gas production in April plunges to its lowest level in 18 years

Natural gas production in April fell to its highest level in 18 years due to lower demand for the fuel, both in the domestic market and in the markets of Brazil and Argentina. Brazil and Argentina separately nominated an average of 10 million cubic meters per day (MMm3d), similar to the amount consumed in the domestic market. Gross production is compared to 2003 when volumes reached 28.01 MMm3d.

JOCA offers to finance $158 mn of the Cochabamba tramway through international banks

The Accidental Tunari Association (AAT), which includes the JOCA-Molinari consortium, offered to finance the remaining part of the metropolitan train project through international banks. Some Bs 1,100 million ($158 mn). The Bolivian Government contracted the Asociación Accidental Tunari (AAT) in August 2017 in the “turnkey” modality for the construction of the Cochabamba Metropolitan Train project. This light tramway plans to connect the conglomerate of municipalities close to the capital of Cochabamba, which has an investment of nearly $537 million.