Foreign Direct Investment (FDI) in Bolivia fell by $189.9 million as of June 2020, the worst performance in the last seven years, according to data from the Central Bank of Bolivia (BCB). Experts attribute the fall to the lack of legal security, clear rules, tax system and remaining constitutional restrictions.
The accumulated Consumer Price Index (CPI) as of September this year registered a positive variation of 0.47%, according to data published by the National Institute of Statistics (INE). In September, the CPI reported a negative variance of 1% concerning August. The accumulated variation to September was positive by 0.45% and at twelve months reached 0.46%. The negative variation of 1% registered in September can be explained, mainly by the decrease in prices of products from the Food and Non-alcoholic Beverages division.
The number of hot spots exceeded the records of 2019, in the period from September 28 to October 4 there have been 27,152 hot spots, the figures represent an increase of 22%. To date, the department of Santa Cruz concentrates 54.95% of heat sources in the country (data from January to October 2020). There are 57 active forest fires nationwide, including Chuquisaca and Cochabamba, which have led to a ban on any burning throughout the country.
Yacimientos Petrolíferos Fiscales Bolivianos contributes Bs 200 million ($ 28.69 mn) for the payment of the Juancito Pinto Bond, equivalent to 40% of the total to cover the benefit. Seven other state institutions contribute the balance. The budget programmed by the national government reaches more than Bs 504 million ($b72.3 mn).
Mineral exports in eight months fell by 43.9% to a value of $817.7 million. According to data from the National Institute of Statistics, zinc sales fell by 50.7%; silver sales fell by 28.9%; lead sales fell by 48.1%, and tin sales barely amounted to 0.9 million dollars. Total tin exports fell by 47.6% compared to August last year, and metallic gold sales were 36.6% lower than in 2019.