Municipalities of Santa Cruz ask the government to compensate for the $100 mn budget cut

Municipalities expressed their concern to the government about the budget cut of more than 30% of tax co-participation, which represents more than Bs. Seven hundred million ($100mn). They proposed that the National Government grant a compensation fund with credit financing from international organizations.


CAF-Development Bank initiative enables access to more than $800 million in CO2 reduction projects

The pending climate agenda in Bolivia opens up the possibility of accessing more than $800 million through municipal projects for the reduction of greenhouse gases and the decontamination of freshwater. A diagnosis carried out in the cities of La Paz, Santa Cruz, Tarija, Cochabamba, El Alto and Sucre, through the "Footprint of Cities" project, an initiative of the CAF-Development Bank, establishes the possibility of reducing at least 16 million tons of CO2, through projects that can implement with climate financing.

Fire in Concepción consumes 3,000 hectares and weather conditions make it difficult to control

A severe fire takes shape in the Copaibo Municipal Reserve and already mobilizes the brigades in that area near the town of Concepción. The flames have been burning for three days, and it seems that they will continue to advance because there is much wind and there will still be no rain in 10 days. The fire has already consumed some 3,000 hectares, and the causes are not known. As of this Thursday, the brigades will enter the site to evaluate the event.

Foreign debt rises to $11.3 bn and expects to increase further with economic recovery

Between December 2019 and June 2020, Bolivia's foreign debt rose from $11.268 billion to $11.3 billion. Data from the Central Bank of Bolivia (BCB) refer that it is a sustainable amount because it is below 40 per cent of the Gross Domestic Product (GDP); however, specialists warn that, given the economic crisis generated by the coronavirus, the debt will continue to grow and the government will have to make adjustments to control the circulating capital and avoid an inflationary process.