ELFEC actions as assessed would require the State to pay $140 mn

The workers of the Empresa de Luz y Fuerza Eléctrica Cochabamba (Elfec) estimate that the payment of the fair price for the company's shares amounts to 140 million dollars, while the return of the shares and their profits would represent 300 million dollars.

450,000 micro-enterprises are declared bankrupt

Of the 650,000 productive units that are part of the Confederation of SMEs (Conamype), only 5 per cent resumed their activities after the mandatory strike related to the coronavirus pandemic. About 32,500 companies belong to the food sector and, on a smaller scale, to the textile sector, which had resumed its operations focusing on the production of chinstraps and biosafety clothing, but the smuggling of this type of product forced a new stoppage. This situation led to the declaration of bankruptcy of at least 450 thousand productive units throughout the country.

Four industrial public projects worth $1.84 bn are in limbo

Uncertain is the future of the leading public industrial projects with works such as the urea plant, the Gran Chaco liquid separator plant, the mini LNG plant, and the tube factory, which are half operated or paralyzed.

ECLAC launches $500 billion for economic recovery in middle-income countries

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has announced the launch of the $500 billion Covid-19 Economic Relief Fund (FACE) for economic recovery in middle-income countries.