An economic injection of at least 60 million dollars and the access to soft credits are the two main proposals, among about thirty, elaborated by 12 productive and entrepreneurial sectors and institutions of Cochabamba, to propose to the Governmen for the economic reactivation of the department.
Day: Nov 17, 2020
Bolivia will be part of the UN Economic and Social Council (Ecosoc) in 2021
Bolivia will again be part of the United Nations Economic and Social Council (Ecosoc) by 2021. Previously Bolivia was part of this Economic and Social Council in the period 2013-2015. Ecosoc is the United Nations entity that coordinates the work of 14 specialized agencies, functional and regional commissions.
Losses of more than $1 bn foreseen due to the paralysis of tourism
The Bolivian Association of Travel Agencies and Tourism (Abavyt) and the Private Sector of Tourism (SEPTUR), foresees that this year will close with losses of more than one billion dollars due to the paralysis caused by the COVID-19 pandemic. This forecast supported by a study by UNIFRANZ University and other companies. More than 100,000 direct jobs are at risk, many businesses involved in the tourism sector have closed, and as many have had to reduce their staff.
Cochabamba’s agricultural producers require $60 mn to reactivate the sector
The Agricultural Chamber of Cochabamba requires an injection of 60 million dollars for its productive reactivation. The sector contributed 7.6% to the departmental GDP until 2019, but this year it dropped to 4.5%. It estimates that approximately two billion dollars have lost due to the decline in aggregate demand.
Businessmen ask the government for an economic injection of $4 billion
The Federation of Private Entrepreneurs of La Paz is waiting for the government to call the sector to work on the recovery of the country's economy. The department of La Paz needs an economic injection of at least $4 billion for its economic reactivation in various areas.
