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.

Anapo: Action against transgenics slows the movement of $ 2 bn

The popular action presented in mid-July by a group of activists and representatives of indigenous peoples to suspend Supreme Decree 4232, which shortens the procedures for the evaluation of five transgenic crops, motivated the declaration of emergency by the Association of Oilseed and Wheat Producers (Anapo). It sees an attack against the country's development, food security, and the Santa Cruz production model that generates a movement of more than $2 billion annually.

Forestry sector: Exports exceed imports by $6.6 million

Bolivia's forest trade shows positive balances. A report prepared by the Bolivian Forestry Chamber (CFB), based on data from the National Institute of Statistics (INE), shows that in the first half of 2020 the country has exported wood products worth $22 million, while imports in the same period reached $15.4 million, which means a positive trade balance of $6.6 million. The data also establishes that Bolivia's exports of wood products decreased by 27.7% concerning the same period in 2019, while imports also had a 25.9% decrease.

Bolivia, with 75% of the world commercialization of the Brazil nuts signs contract with Eastern Europe.

Bolivia is the country that has 75% of the world commercialization of almonds, followed by Brazil and Peru. It is the primary source of economic income for more than 100 communities. The state-owned Empresa Boliviana de Alimentos y Derivados (EBA) diversifies its export market by signing a contract for the operation of foreign trade in almonds to Eastern Europe.

Oil: WTI barrel for October delivery up 1.7%

Oil prices closed on Tuesday at their highest level since early March, with the arrival of Hurricane Laura disrupting oil activities in the Gulf of Mexico. In New York, the US barrel of WTI for delivery in October rose 73 cents to $43.35 (+1.7%). In London, the North Sea Brent barrel for October delivery also gained 73 cents to $45.86 (+1.6%).

Minera San Cristobal stops for the third time, and Potosi says it loses $143,472 per day

San Cristóbal is by far the largest company in the country's mining history. According to the figures of the Government, the royalties collected between January and July of this year reached a total of 206 million Bolivians, less than the 376.4 million obtained in a similar period in 2019, that is to say, 45.3% less. The suspension or non-export of minerals for one day from San Cristóbal lose around one million Bolivians, which impacts the execution of the different projects planned by the Government.

Forest fire affects 1,700 hectares of Copaibo reserve in Chiquitanía

A forest fire that started on Sunday afternoon affected 1,700 hectares of the Copaibo municipal reserve, located in the municipality of Concepción, in the Chiquitanía, reported the Secretary of the Environment of the Government, Cinthia Asin. The fire emerged after almost a week of controlling and extinguishing the fires that affected other protected areas in the municipalities of Puerto Suarez, Puerto Quijarro and San Matías. According to the report of the Forest Fire Early Warning System (Satif), so far this month 3,093 fires have been registered.