Exit polls suggest socialist candidate Luis Arce, an ally of former President Evo Morales, is set to win Bolivia's presidential election. Exit polls carried out by the Jubileo research institution gave Luis Arce of the Mas party 53% of the votes, followed by centrist candidate Carlos Mesa of the Citizens' Community alliance with 30.8%. A quick-count by pollsters Ciesmori suggested Mr Arce had won with 52.4%, trailed by Mr Mesa with 31.5%.
The former president of the Central Bank of Bolivia, Guillermo Aponte, said in an interview that the institution adopted eight monetary policy measures that allowed it to inject Bs. 24.77 billion ($3.59 billion), equivalent to 10% of the GDP, into the economy. The measures allowed for maintaining the liquidity of the financial system and helped to channel credits, in the midst of the crisis derived from the impact of Covid-19.
With the support of its members, the Chambers of Commerce and Services and the Department of Industry of Cochabamba consolidated their institutional merger. The nascent Chamber of Industry, Commerce and Services of Cochabamba, will have as president Ramon Daza and the vice president will be in charge of Juan Carlos Viscarra.The new entity will have nearly 1,000 member companies.
YPFB Logística tested the firefighting systems in their storage plants in Santa Cruz, Cochabamba, La Paz (Senkata) and Oruro, through a drill carried out on Friday, October 16. In the Santa Cruz Plant, the second exercise of the year allowed to give continuity to the "zero" accident rate that the company have in the present year.
The city of Bermejo, on the border with Argentina, will be incorporated into the National Interconnected System (SIN) until February 2022 with the execution of the 115 Kv transmission line from La Angostura (Tarija). The interconnection, of 145 kilometres in length, is in charge of ENDE Transmission, a subsidiary of the National Electricity Company (ENDE) which is investing more than $18 million.
As of June of this year, according to the Monetary Policy Report (MPR) 2020 of the Central Bank of Bolivia (BCB), the balance of Bolivia's public foreign debt amounted to US$11.3 billion, 28.4% of GDP. However, loans of $7 billion negotiated with the Inter-American Development Bank (IADB) and the World Bank would increase the ratio to 46% of the GDP, which is above the threshold recommended by these institutions and close to the 50'% recommended by CAF.
The fire entered the forest management area of the El Tuna concession and threatens to destroy the stock of harvested wood - more than 1,000 logs - from last year's and this year's harvest. The productive sector says that the stoppage of operations limits access to and supply of raw material. The affected forest management area totals 80,672 hectares.
The Minister of Economy and Finance, Branko Marinkovic, today appointed Agustín Saavedra Weise as the new president of the Central Bank of Bolivia (BCB). The new head of the Central Bank was Minister of Foreign Affairs. He held high positions in the private sector, was general manager and chairman of the board of several companies.
More than 1.8 million hectares in the Madidi and Apolobamba national parks, in the north of La Paz, are consumed by fires. The Government will use a Boeing CH-47 Chinook helicopter, that arrived last night in Santa Cruz, to fight the wildfires. The situation is getting worse all across the country, with fires reported in the Guarani communities of Machareti in Chuquisaca, as well as in Tarija's Chaco region and in Iténez Park in Beni.
The GEES, Clean Energy and Associates Consortium will invest $42.2 million in the construction of a reliable waste treatment and processing plant in Cochabamba. It will become the first city in the country to industrialize garbage to generate energy and eco-fuels, and it estimates that it will create more than 400 direct jobs.