Fernando Hurtado, president of Cainco, says the negative impact of the roadblocks amounts to $10 million a day, a loss that must add to the effects on the productive sector of the quarantine that paralyzed the country for 100 days.
The Economic Commission for Latin America and the Caribbean (ECLAC) ratified, this Thursday, its projection that the Bolivian economy will contract by 5.2% this year. In that line, the director stated that this organization forecasts that the Gross Domestic Product (GDP) of Latin America and the Caribbean will fall 9.1% in 2020, while the indicator in South America will fall 9.4% and in Central America and Mexico it will decrease 8.4%.
At least 10,500 artisanal miners in Bolivia will receive technical assistance on the use of mercury in the artisanal and small-scale gold mining sector, the United Nations reported. This mining sector is the largest source of mercury contamination in the world with serious environmental and health consequences. The reported gold production is carried out by 1,406 mining cooperatives throughout the country, which means around 42 thousand sources of direct employment and more than 250 thousand indirect jobs. Production in the first quarter of 2020 was 9,200 kilos, worth almost $460 million.
78% of the construction companies in Cochabamba reduced their personnel as a result of the economic crisis and 10% more plan to do the same in the coming weeks, due to the financial crisis caused by the coronavirus pandemic and the debts to these companies by state agencies. The debts amount to 400 million bolivianos ($57.47 mn), which puts at risk more than 16 thousand direct jobs and 100 thousand indirect ones in the whole department.
Latin America will have new resources to carry out sustainable projects with the first green bond issue made by CAF - Latin American development bank - in the Swiss market for an amount of 350 million Swiss francs (CHF), equivalent to $384 million, with a coupon of 0.70% and a term of 5 years.