Government of Santa Cruz proposes to refund 12% of Hydrocarbons tax

The Governor's Office of Santa Cruz referred a bill to the Legislative Assembly on Tuesday that proposes to restitute 12% of the Direct Tax on Hydrocarbons (IDH) that the previous state administration confiscated from governments, municipalities, and universities to create the Exploration Fund, which in five years accumulated $250 million. YPFB reported that they used the resources to finance ten exploration and development projects, an investment of $1.94 billion until 2018.


The Association of Municipalities of Santa Cruz (Amdecruz) demands $3.16 mn with blockades

The Association of Municipalities of Santa Cruz (Amdecruz) initiated roadblocks in the department, demanding Bs 22 million ($3.16 mn) to continue the fight against Covid-19. The measure is for 48 hours. The government clarified that the 56 municipalities of Santa Cruz, have at this moment approximately Bs 700 million ($100.5mn) in cash and bank balances that they can use.

Banks disbursed more than $43.1 mn, in credits to support employment

The bank has disbursed more than 300 million bolivianos ($43.1 mn), corresponding to 1,322 requests, of the approximately 2,157 received by the financial system. There are 835 operations under evaluation for Bs 517 million ($74.28 million). The amount for loans is the equivalent of two national minimum wages for a maximum of two months, i.e., up to Bs 8,488 ($1,293.8) per worker.