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.
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.
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 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.
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.
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.
The meat sector has had exports for $14 million in the first four months of 2020 with more than 3,000 tons exported. In 2019, throughout the year, meat sales reached $24 million with 5,300 tons, which makes it predictable that this management will exceed these figures.
There are more than 12 billion bolivianos ($1.72 bn) in the liquidity of the financial system, so there will be no change in the exchange rate, the national currency has the necessary support.
Cabinet approved two appropriations to overcome the negative economic impact of the pandemic. One with the Inter-American Development Bank (IDB) for $450 million and another with the CAF-Bank of the Americas for $350 million. The Legislative Assembly must approve both.
More than 16,500 direct jobs and another 100,000 indirect ones are at risk in Cochabamba due to the deficit situation that construction companies are going through, aggravated by the debt of more than Bs 400 million ($57.47 mn) the national Government owes the sub-national bodies.