Bolivia only produces 1.1 million tons and demand is 1.2 million. It is because there is a weakness in the sector to produce Dutch potato, used to make French fries. The cultivation of this variety in Bolivia barely represents 2%. The increase in the percentage of imports is an only pre-frozen peeled potato for making French fries.
Day: Jul 30, 2020
Loan rescheduling in the banking sector increased by 51.2%
According to data from the Financial System Regulatory Authority (ASFI), as of May this year, the financial system was reprogrammed with Bs 5.8 billion ($834 mn), almost double the amount readjusted in 2019. The growth occurs in challenging context due to the health emergency that the country is experiencing due to the coronavirus pandemic, in which the Legislative Assembly approved bill 720/2019 for the automatic deferral of credit payments to banks until December 31 this year.
Government redistributes 2% of employer’s public and private contributions for housing.
The government authorized the transfer of Bs 500 million ($71.84 mn) from the collection of 2% of public and private employer contributions for housing to the Fogaviss Trust, to be administered by the Banco de Desarrollo Productivo (BDP), until July 31, 2020.
Chicken production drops about 30% due to demand restrictions
The restrictions that persist in some areas, like gastronomy, force the poultry sector to reduce its production by nearly 30 per cent because the demand for chicken dropped during the health emergency. The industry is working on new planning for post-pandemic production to avoid oversupply and price drops. From] 2,500 small farmers, at least 40 per cent stopped producing due to the loss of capital as a result of economic losses in previous months.
The construction sector declares emergency due to unpaid bills from the State of $359 mn
The three levels of government carry debts for months and even years to the construction companies, for a global amount that until July reaches 2.5 billion bolivianos ($ 359 mn).
Bolivia Económica 