Entrepreneurs estimate that Christmas bonus will cost them $446 mn

After the Government instructed to pay the Christmas Bonus until December 21, entrepreneurs expressed concern and alarm because the decision implies the disbursement of $446 million in moments of crisis and lack of liquidity that could result in the impossibility of many companies to comply with that obligation.

Bolivia injects more than $587 mn with a social bond to reactivate the economy

The government began to inject more than $587 million into the country since Wednesday through the Hunger Bond aimed at more than four million people with scarce resources, a measure to help and reactivate the country's economy, hit by the COVID-19 pandemic. These four million beneficiaries will generate a sufficient demand in the economy.

ECLAC forecasts a drop of between 45% and 55% in foreign investment in Latin America by 2020

Foreign direct investment (FDI) in Latin America and the Caribbean will fall between 45% and 55% in 2020, as a result of the crisis caused by the COVID-19 pandemic, said the Economic Commission for Latin America and the Caribbean (ECLAC). Globally, foreign direct investment amounts would drop by 40% in 2020, and from 5% to 10% in 2021. In this way, in 2021, FDI would reach its lowest value since 2005.

Ronald Casso returns to BoA Management

The Government appointed Ronald Casso as manager of Boliviana de Aviación (BoA). Casso has a degree in Aeronautical Military Arts and Sciences - Air Force Aviator Officer (with the rank of Lieutenant Colonel), a Master's degree in Business Administration mention in Marketing and also has an Engineering degree in Electronic Systems. Casso ran the state airline for more than a decade, from its creation until November 2019.