With the imminent approval of a new bond - given that the Legislative Assembly recently approved a line of credit to finance it - the transitional government will have spent more than $1 bn on this type of benefit. Three bonds created during the health emergency, totalling $502.8 million. With the new benefit, approved by the Legislative Assembly, an additional $550 million will be spent.
Day: Aug 20, 2020
Chamber of Industry estimates that 120,000 jobs are at risk
The National Chamber of Industry noted that at least 120,000 jobs are at risk due to the constant social conflicts and the coronavirus pandemic. It is not possible to quantify the number of companies that went bankrupt due to the restrictions caused by the epidemic but said unemployment rose to 9.6% according to data from the National Institute of Statistics (INE).
Representatives approve four credits for $704.3 mn
The Chamber of Deputies approved yesterday four international credits in favour of the Bolivian State for an amount of 704.3 million dollars destined to the replacement of resources used in the payment of bonds and to the support of vulnerable populations affected by the Covid-19.
Bolivia recorded a negative trade balance of $10 mn
Bolivia recorded a negative trade balance of $10 million because imports have been slightly higher than exports, mainly in Capital Goods for the industry as well as in the agricultural sector. Between January and July, exports reached $3.76 billion, while imports reached $3.77 billion.
International reserves increase by $600 million due to gold prices
According to the report of the Central Bank of Bolivia (BCB), the value of the Net International Reserves (NIR) in March of this year was $6.09 billion to increase in five months to $6.68 billion, an increase of a little more than $600 million. This improvement is directly related to the international price of gold, which is around $2,000 per troy ounce and has a favourable impact on the country's reserves.
Municipalities and governments reveal a 39% drop in revenue from hydrocarbon royalties
The income received by municipalities and governorates from hydrocarbon royalties fell by up to 39%. In April, the state-owned YPFB anticipated a reduction in revenue due to the fall in oil prices, and the state-owned company said that royalties would fall by up to 45%.
