Bolivia will have to pay $822 million this year for its external debt service, which is detailed in $US 454.9 million for capital and $US 367.1 million for interest. According to Bolivia's Central Bank (BCB), the current value of capital plus interest for loans received, concerning the country's exports, represents 7.7%, which is lower than the 15% limit established in the debt sustainability framework of the World Bank (WB) and the International Monetary Fund (IMF).
Ninety-two per cent of the loans granted by multilateral entities correspond to the Inter-American Development Bank (IDB), CAF-Latin American Development Bank, and the World Bank (WB). As of May, the IDB granted $ 3.35 billion, CAF, $ 2.59 billion and the WB, $ 941 million. The global bilateral debt was $1.46b trillion, of which 70% has to be paid to China, 20% to France and 4.4% to Germany, according to BCB reports.
Mayor Luis Revilla presented this Monday the Annual Operating Program (POA) 2021 which has a budget of Bs 2,107 million ($302 mn) for next year, which he described as "austere" since it has a reduction of resources of at least 20%.
President Jeanine Áñez has three new authorities: Branko Marinkovic as Minister of Economy, Gonzalo Quiroga as Minister of Development Planning and Alvaro Tejerina as Minister of Labor.
The Forestry and Land Authority (ABT), part of the Ministry of Environment and Water, reported on Monday that they had initiated 100 administrative processes for the illegal burns that registered throughout the country. At present, there are 15 activated criminal complaints.