The Central Bank of Bolivia (BCB) assured that the government would maintain the "immobility and stability of the exchange rate" to ensure the stability of the economy and to provide security to Bolivian families. It also reported an increase in public investment of Bs 27.516 million ($3.95 mn).
Day: Dec 18, 2020
Senate passes law to return 5% of invoiced purchases to beneficiaries
The Senate on Thursday passed a law that will return 5% of all invoiced purchases made by Bolivians with income up to Bs 9,000 ($1,291), which must register with the National Tax Service (SIN). On the other hand, it returned to deputies with modifications the law of the Tax on Large Fortunes due to differences over the time of application.
The BCB will transfer $50.21 million for productive sector support trusts
The Central Bank of Bolivia (BCB) will transfer Bs 350 million ($50.21 mn) to the National Treasury (TGN) to set up trusts for the productive sector. The resources are non-refundable and come from the Patrimonial Reserves of the issuing entity.
Government creates a $130 million Fund for import substitution
President Luis Arce enacted Supreme Decree (DS) 4424, which creates an initial fund of $130 million (Bs 911 million), through two trusts, intending to grant loans with a 15-year term and an annual interest rate of 0.5%. The new measure aimed at reactivating the national productive apparatus and is for those who wish to enter the import substitution stage.
CNI: In 2020, 317 industries were closed, almost one per day
In 2020, due to the effects of the economic crisis of the pandemic, social and political conflicts have closed one industry per day and as of October this year, 317 industries have cancelled their trade registration, according to data provided by Fundempresa.
