Bolivian imports fall by 36% in value and 38% in volume due to the pandemic

Bolivian imports fell by 36% in value and 38% in volume from January to May this year, compared to the same period in 2019. Imports in the first five months registered $2.65 billion, the lowest amount in the last ten years. Exports reached $2.59 Billion, 24% less than the same period in 2019. The volume decreased by 36%, according to IBCE.

The national economy registered negative inflation in December 2019, in January, February and in May 2020

The national economy registered negative inflation in December 2019 and in January and February 2020, with prices recovering in March and April, but again falling in May, and starting to rise in June. Since November 2019, the country experiences political uncertainty, a slowdown in the economy, which foresees a recession of 5.9% of the gross domestic product by 2020.

BoA lost $28 million in 2019

The airline's financial statements as of December 31, 2019, reflect a loss of $28 million, another $10 million was charged directly to the Accrual Account, with a combined effect of $40 million of decrease in the company's equity. With the pandemic, the situation is more critical; the company has stopped receiving $60 million.