The Governors assembly of the Financial Fund for the Development of the River Plate Basin (Fonplata) approved the modification of its charter to enable the transition from a financial fund to a development bank. The change will allow the incorporation of new partners and the establishment of strategic alliances with other development agencies and banks.
"2018 will close with a ""solvent"" financial system with bad loans representing only 2% -one of the lowest in Latin America- declared the director of the Supervisory Authority of the Financial System (ASFI), Ivette Espinoza.
The number of debit cards in Bolivia reached 4.6 million by September this year, 13% higher than the number registered in the same period of 2017, reported the Supervisory Authority of the Financial System (ASFI).
"Bolivia received $US942.6 million for remittances sent between January and September. The money posted by Bolivian residents increased by 0.2% compared to the same period in 2017, according to a report from the Bolivian Central Bank (BCB).
Bolivia and Brazil look to renew its current gas sale contract with the addition of electricity. The current gas contract, signed in 1996, will end next year and a bilateral commision already start working on the terms of the new energy agreement, said the Brazilian ambassador in Bolivia, Raymundo Santos. Brazil is the main destiny of Bolivian gas exports.