Bolivian imports total $5.61 bn until October

The Bolivian Institute of Foreign Trade (IBCE) reported that imports, between January and October 2020, totalled 5.61 billion dollars, 31% less than what registered in the same period in 2019. All categories experienced decreases in value and volume, except for foreign purchases of food and beverages, which grew in volume by 17% and in amount by 3%, compared to January to October 2019.

Ana María Morales assumes the direction of the UIF

The Minister of Economy and Public Finance, Marcelo Montenegro, appointed Ana María Morales as the new Director of the Financial Investigations Unit (UIF) on Thursday afternoon. Ana María Morales is a lawyer by profession and a graduate of the Sociology Department. From 2018 to date, she has held the position of Director of Strategic Analysis, Monitoring and International Coordination of the UIF.

INE reports an urban unemployment rate of 8.7% as of October

The National Institute of Statistics (INE) reported that the urban unemployment rate in the month of October reached 8.7%, according to the results of the Continuous Employment Survey (ECE). The figure represents a decrease in the unemployment rate of 1.3% concerning the rate registered in September (10%) and 2.8 percentage points lower than that of July of 11.6%, which was the highest figure recorded in this administration.

TEC SUCCA SRL Foundry Plant inaugurated

This Thursday, the TEC SUCCA SRL steel casting plant inaugurated in Potosi, one of the best in South America thanks to the machinery it has and which does not exist in Bolivia. It will work at the national level in the first instance with the mining and cement industry to provide them with melted material, whose production can reach up to 90 tons per month.

As a result of COVID-19, 64% of the unemployed are women

The National Institute of Statistics (INE) reported, this Thursday, that of the total number of people affected in the labour market, due to the effect of COVID-19, 64% are women. It is a rate that deserves the urgent application of an economic policy associated with improving employment for women and young people. The INE explained that the sectors that generated the most significant expulsion of workers linked to the food and restaurant trade, manufacturing industry and construction.