Newspaper La Razon fires 140 workers

With "La Razón", Carlos Gill recognized in 2019 that his annual earnings were between 9 and 93 million Bolivians ($1.3mn and $13.6 mn). He owns the newspaper for more than a decade. If we take an average, we add in the end a probable accumulated of 500 million Bolivians ($71 million). One hundred forty ex-employees fired from "La Razón" are preparing to fight for their severance pay. Director Claudia Benavente decided to throw them out on the first day of July without severance pay. She used the perfect excuse: the COVID-19.


BDP will finance the installation of grain and seed silos for up to 20 years

The Productive Development Bank BDP-SAM launched "Pirwa Productiva", its new second-tier business line aimed at the country's agro-productive sector. This loan will finance 20-year storage structures for grains, seeds, and agricultural inputs, and provide specialized technical assistance. Interest rates are regulated for the microenterprise sector at 11.5%, for small businesses at 7%, and medium-size companies at 6%.

Bolivia requests to Argentina $100 million in advance for July gas

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) asked its Argentine counterpart for an advance of $100 million on account of the entire natural gas supply to send in July. YPFB requested the advancement because the country was in breach of contract by not declaring a guarantee from Banco Nación. The "default" does not imply a risk of natural gas supply to Argentina, although it reveals the country's poor energy season.