The Bolivian economy will fall this year by 7.9%, but in 2021 it will recover and reach a growth of 5.6%, according to the updated projections of the International Monetary Fund (IMF) which also forecasts a drop in unemployment in the country. The international organization foresees an inflation rate of 1.7% this year and 4.1% next year and an unemployment rate of 8% this year, which will fall to 4% in 2021. It also projects one of a current account deficit of 2.6% this year and 3.5 in 2021.
The latest report published by the National Institute of Statistics (INE) indicates that the construction sector was the hardest hit by the health emergency caused by the pandemic. The data shows a contraction of 11.11% in this area.
The National Factory of Cementó Sucre S.A. (Fancesa) closed a contract to provide 11.7 million bags of cement for the Nueva Santa Cruz Ciudad Inteligente project, in the next four years, starting in November 2020, which will represent an income of 72 million dollars for the Chuquisaqueña cement company.
The Special Forces for the Fight against Drug Trafficking (FELCN) seized more than 436 tons of cocaine and marijuana, from January to date, achieving an economic impact of 75 million dollars.
The Government of Canada will send a Chinook helicopter to the country to help put out the forest fires, which have been registered mainly in the east of Bolivia and have caused the loss of more than 1.5 million hectares. The Bolivian government was grateful for the support of the Canadian government, which provided funding of 4 million Canadian dollars.