Bolivia requests to Argentina $100 million in advance for July gas

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) asked its Argentine counterpart for an advance of $100 million on account of the entire natural gas supply to send in July. YPFB requested the advancement because the country was in breach of contract by not declaring a guarantee from Banco Nación. The “default” does not imply a risk of natural gas supply to Argentina, although it reveals the country’s poor energy season.

Accidental Tunari Association (AAT) denounces government debt of $42.56 mn

The Asociación Accidental Tunari (AAT), which is executing the Cochabamba Metropolitan Train project, reported that the government owes it nearly 297 million bolivianos ($42.67 mn) in payroll and almost eight million ($1.15 mn) in interest. Additionally to this amount, Bs 330.6 million ($47.5 mn) have not yet invoiced for the progress of work as of December 2019. The debt caused the contract of the consortium formed by the companies JOCA from Spain, Molinari from Switzerland and the Bolivian State to be suspended due to default.

Construction activity decreases by 48%

Construction activity fell by 48% in April 2020 compared to the same month in 2019, according to data from the INE’s Global Economic Activity Index (IGAE). Added to this critical situation are the debts that national and sub-national public entities have with the country’s construction companies, which border on Bs. 2.5 billion ($359.2 mn).

Five drugs against Covid-19 increase in price by up to 300%

At least five drugs to treat Covid-19 have registered price increases of more than 50% in recent days and some cases up to 300%. Some pharmacies offer Ivermectin at Bs 60 per tablet ($8.6). The reference price of this drug published in May by Agemed is 8.45 bolivianos ($1.21) for a 3-milligram tablet and 14.7 ($2.11) for a 6-milligram tablet. Bolivia feels the impact due to the closing of the border and exports from other countries.

Flights decreased 85%, and Sabsa stopped receiving 11.32 mn

Between January and June, flights at the country’s three primary airports fell by 85% due to the pandemic, which is why Servicios Aeroportuarios Bolivianos (Sabsa) lost 78.5 million Bolivians ($11.32 million). It expects that until the end of the year, work will be 50% less than the period before the pandemic and until March 2021 operations will reach 80% of the level before COVID-19.

Banana exports fall 50%

Banana exports were reduced by 50% due to low demand in the Argentine market, which is the leading buyer of the product. The payments for the product exported are delayed between 30 and 60 days, due to restrictions to buy dollars in Argentina. Source: Los Tiempos

Exports between January-May 2020 suffered a year-on-year fall of 24% in value and 6% in volume

Exports in the January-May quarter fell by 24% in value and 6% in volume compared to 2019. Hydrocarbon exports fell 9 per cent in value, despite a 3 per cent increase in volume. Minerals fell 36% in value and 44 per cent in size. Despite the fall, there are products whose export value grew, such as beef (191%), sugar (63%), sunflower and derivatives (88%) and ethyl alcohol (29%).