The pig farming sector in Santa Cruz continues to be hard hit by the economic crisis generated by the pandemic. Although its sales now reach 80%, there is no total recovery of the sector. In these months, 10% of the farms have been closed, and 20% of them reduced their production by half. The rise of soya prices, an essential input for the sector, has added to the effects of the quarantine.
The new government of Luis Arce Catacora will take office on Sunday, November 8, with a hydrocarbons sector in its worst moment since nationalization in 2006. The plants that built are not working, the reserves and production of fuels are in decline, only four fields in production contribute 79% in natural gas and liquid hydrocarbons, the rest are in decline. To date, only 36% of the programmed oil investments executed.
The Bolivian airline BoA expects the new government to operate with approximately 75 per cent of the number of passengers it used to carry before the pandemic. After three months without commercial operations, the state-owned company is gradually recovering and yesterday inaugurated its new CargoXpress service, which will allow it to generate one million dollars a month.
The Inter-American Development Bank (IDB) announced its intention to trigger investment of up to $50 billion for Latin America through a three-pillar plan: Capitalization: Increasing capital resources to finance projects in Latin America. Coordinate efforts: Increase the return and multiplier effect of investments by coordinating with the World Bank and the International Monetary Fund. Repatriation of investments from Asia: It expects that flows of between $30 and $50 billion can return.