Standard & Poor's credit rating for Bolivia stands at B+ with stable outlook. Moody's credit rating for Bolivia was last set at B1 with negative outlook. Fitch's credit rating for Bolivia was last reported at B+ with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Bolivia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Bolivia as reported by major credit rating agencies.
From January to May this year, Bolivia imported fuels (petrol and diesel) worth $177.6 million, compared to $452.4 million that were disbursed in a similar period of 2019, representing a drop of 60.7%, according to official data. The decline is due to reduced fluid consumption in March, April and May as a result of the health emergency and the total or rigid quarantine decreed by the transitional government to combat the pandemic of the new coronavirus or COVID-19.
37.2% of the Bolivian population is in poverty, while 12.9% of the national population is in extreme poverty by 2019, according to the update of the basic food basket and poverty lines carried out by INE. In the last four years, poverty has increased in both urban and rural areas.
Companies in at least four employment sectors affected by the coronavirus pandemic in the department of Tarija laid off 90% of their staff in the construction, hotel, gastronomy and transport sectors. At least 1,030 people lost their jobs.
Rolando Kempff Bacigalupo was re-elected yesterday as president of the National Chamber of Commerce (CNC). He will be accompanied on the board with Mario Paredes Vargas as first vice president, Marcos Córdova Achá as second vice president, Lukas Abendroth Spies as treasurer and Douglas Ascarrunz Aramayo as pro-treasurer of the institution. Kempff will preside over the institution for a second term 2020-2021.