Bolivia election: Exit polls suggest win for Luis Arce with more than 50%

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%.

Bolivia’s Central Bank injected $3.59 billion into the economy

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.

Chambers of Industry and Commerce of Cochabamba merge into one entity

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.

With an investment of $18 mn, ENDE Transmission begins electrical interconnection to Bermejo

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.

New loans of $7bn would boost foreign debt to 46% of the GDP

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.

Fire affects 80,672 hectares in forest management areas

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.

More than 1.8 mn has affected by wildfires in La Paz

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.