The IDB representative in Bolivia, Alejandro Melandri, said that the IDB would allocate about 75% of the total amount to infrastructure projects, such as road construction. At the same time, the IDB representative indicated that 600 million dollars were approved for Bolivia in this current year. Read more […]
YPFB signed a Memorandum of Understanding (MOU) on September 28, 2018 with the Italian firm Pietro Fiorentini SPA for the provision of 100 smart meters for a pilot test in El Alto. This contract involving the replacement of current meters would represent an expense for YPFB of around […]
The president of the Supreme Electoral Tribunal (TSE), Maria Eugenia Choque, presented the list of candidates for the primary elections of this January 27, 2019. Among them were President Evo Morales and Alvaro García Linera for the MAS. Read more Source: ATB
Contraband of alcoholic beverages costs Bolivia $ 220 million per year, warned the president of the National Beverage Chamber (Canabe), Karina Herbas. Each week 2,000 bottles of alcoholic drinks issued illegally are seized in the country.
Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.
Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.
Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.
The Association of Private Banks in Bolivia (Asoban) released a report which showed that growth levels had slowed down for both loans and deposits. The total loan book reached ca. US$22 billion, while total deposits stood at US$ 24.9 billion. Of note, 60% of new loans YTD were given to the productive sector and social housing.
During the presentation of the book “12 years of Economic Stability Bolivia,” held yesterday at the Udabol, the Deputy Minister of Budget and Fiscal Accounting, Jaime Durán, reported that this year’s investment was $ us 6,300 million of which 40% ( $ 2,520 million) was directed to the three hydrocarbon sectors, electricity and the lithium industry to produce batteries for electric vehicles.
An ANF investigation discovered that Chinese and Colombian companies exploit gold illegally in the Amazon, in the northern department of La Paz and its confluence with the Beni. To do this they partnered with local cooperatives that gave them their extensive land concessions or grids of 25 hectares in exchange for 20% or 30% of what they will obtain from the exploitation.