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.
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.
The first semester the Bolivian economy, fell 11.11% due to the impact of the Covid -19. By the end of 2019, it had reached 2.22%. It is a drop of 13.3 percentage points. The Gross Domestic Product (GDP) of the industrial sector registered, as of June 2020, a contraction of 12.76%. In 2019 the industry had a growth rate of 3.19%, so there is a decrease of 15.9 percentage points in six months.
The Banco de Desarrollo Productivo (BDP) S.A.M. will issue Subordinated Bonds for an authorized amount of 170 million bolivianos ($24.3 mn), which will allow maintaining financial sustainability, capturing resources to strengthen the equity position and further growth of the portfolio.
Pablo Mauricio Salazar Pérez was born in La Paz. He has a degree in Business Administration, studied a master's degree at the European School of Business, and completed a Diploma in Leader Development, Management Development program. He performed executive functions in the project for the Implementation of Contributive and Semi-contributive Regimes in the Public Management Company and was a consultant for the Management of Assurance, Collection and Benefits.
The government stated that a few weeks before Christmas, the unemployment rate is 11.8% and that the pandemic influenced this situation.
In the last 11 months, the Net International Reserves (NIR) fell from $6.47 billion recorded as of December 31, 2019, to $5.15 billion as of November 2020, according to the latest official report of the Central Bank of Bolivia (BCB). This fall is 20.3%, a lower figure than that predicted by the International Monetary Fund (IMF).
According to data from the Banco de Desarrollo Productivo (BDP), up to the end of September 2020, its first-floor productive loan portfolio was Bs 2.36 billion ($338.4 mn), of which 69% went to the agricultural sector, for a value of $233.4 million.
Bolivian foreign sales totalled $5.44 billion, 27% less than the same period in 2019. Imports totalled $5.6 billion, 31% less than the same period last year. These values result in a negative trade balance of $168 million.
The Minister of Economy and Public Finance, Marcelo Montenegro, on Tuesday, appointed Liliana Karina Serrudo Miranda as President of the National Customs. The authority has a degree in law and a master's degree in government management and public administration. She worked in the National Tax Service of the district of Tarija, was a summary lawyer of the National Tax Service, National Tax Service Chuquisaca, among other positions.