BDP financed over $38.9 mn for 4,420 projects led by women

The Banco de Desarrollo Productivo (BDP) through its business line "Jefa de Hogar BDP" would be financing 4,429 women's projects throughout the country. At the end of September 2020, more than Bs 271 million ($38.88 mn) disbursed thanks to the acceptance of the product among women who carry out productive activities and seek to improve or expand their production unit.

Red alert declared in Kaa Iya National Park for forest fires

The National Service of Protected Areas (Sernap) declared a red alert in the Kaa Iya National Park and Integrated Management Natural Area (IMNA) of the Gran Chaco, Tarija, in the last hours due to forest fires. According to the latest report from the National Command of Incidents, 39 municipalities, in six departments: Santa Cruz, Beni, Chuquisaca, La Paz, Tarija and Cochabamba, are affected by the fires.

Active cell phone lines recorded a decrease of 0.03%

The active lines of mobile telephony reach 11.68 million, according to the report State of the Telecommunications in Bolivia. For the first quarter of 2020, active lines register a decrease of 0.03% concerning December 2019. Revenues from local telephone service registered a value of Bs 343 million ($49.21 mn) in 2019, 4.72% less than in 2018.

Armando Pinell assumes the interim presidency of the BCB

The Central Bank of Bolivia informed that due to complications derived from the Covid-19, President Guillermo Aponte Reyes Ortiz prevented from resuming his functions as the first authority of the Institution. Armando Pinell, Vice President of the Board, replaces him, with all the powers conferred to the President, according to Article 63 of Law 1670 of the BCB.

World Bank warns that extreme poverty will reach 28.6 million Latin Americans

The World Bank (WB) warned that up to 115 million people might fall into extreme poverty in the world by 2020 due to the crisis-induced by Covid-19. The institution estimates that the economy will contract by 5.2% in 2020, the largest drop in GDP in 80 years. Latin America, a region where more than 650 million people live, the rate of extreme poverty would go from 3.9% in 2017 to 4.4% at the end of this year, reaching a total of 28.6 million people.