The sorghum crop registered the highest growth with 435,000 hectares planted, representing a 12% increase over the previous winter, while the chia decreased to 19,000 hectares, 24% less than last winter's cycle. The sector estimates to cover 1,128,000 hectares with the crops of sorghum, sunflower, wheat, corn, chia and soybean, 5% more than the area sown in the previous winter cycle.
Day: Jun 19, 2020
Bolivia’s Congress passes law releasing $200 mn from hydrocarbon tax
The plenary session of the Plurinational Legislative Assembly (PLA) sanctioned, this Thursday, the law that transfers in favour of the municipalities, governments and universities 12% of the Direct Tax on Hydrocarbons (DTH), which will allow them to inject $ 200 million to face and contain the expansion of the coronavirus pandemic.
ENTEL estimates economic damage of $700 thousand
The economic damage from the destruction of communication antennas in Yapacaní is more than 700,000 dollars. On June 15, residents of Yapacaní set fire to communications towers, claiming they transmit coronaviruses, the police said. There were also demonstrations against 5G technology.
Santa Cruz and Potosi exported around $4.2 bn in 2019
Santa Cruz was the most exporting department in 2019; sales abroad reached 2.2 billion dollars, followed by Potosi, which exported 2 billion dollars. Natural gas and oilseeds were the most prominent export items during 2019.
Credit programs for $1.7 bn blocked by Congress
Resources of $1.7 billion destined in international credits are blocked in the Legislative Assembly. The Treasury Viceminister, Carlos Schlink said that among the credits are one of $100 million from France, $450 million from the Inter American Development Bank (IADB), $350 million from CAF, $250 million from the World Bank and $327 million from the IMF.
Urea exports fall 52%, and imports rise 189%
The Bulo Bulo plant stopped working eight months ago, and Bolivia went from being an exporter of urea to an importer of this fertilizer. While foreign sales fell by 52 per cent in volume (almost the same in value), purchases from abroad (especially from Peru) climbed by 189 per cent.
Bolivia Económica 