This year, quinoa exports reached US$85.9 million, according to data from the National Statistics Institute (INE) prepared by Gary Rodríguez's Bolivian Institute. He noted that sales are close to 35,000 tonnes for US$85.9 million, which is a higher volume but lower value than in 2019 due to the drop in international market prices. It is a merit that sales are maintained, and in 2021 can repeat this with promotion and re-categorisation of quinoa and a better price.
Day: Dec 29, 2020
Bolivia will end 2020 with a domestic and external debt of 47.7% of GDP
The government will close a year marked by the economic crisis, generated by the coronavirus. The domestic and foreign debt amounts to 47.79% of the Gross Domestic Product (GDP) projected in the Budget for 2021.
Through a decree, the Arce government allocates $5.37 million to BoA
Through Supreme Decree No. 4429, the Government authorised a capital contribution of Bs 37,475,444 to the Bolivian state-owned aviation company (BoA). The disbursement of the amount will be subject to the availability of the National Treasury (TGN).
CAF and European Investment Bank to co-finance climate action projects for $500m
The CAF - Latin American development bank - and the European Investment Bank (EIB) signed a collaborative co-financing framework for European support to Latin America and the Caribbean to alleviate the damage of the Covid-19 pandemic and promote post-pandemic economic recovery. The agreement proposes a USD 500 million co-financing framework to benefit sectors such as … Continue reading CAF and European Investment Bank to co-finance climate action projects for $500m
Government enacts Law on the Tax on Large Fortunes, the refund of VAT and Budget 2021
On Monday morning, the Government passed three laws: 1.The Tax on Large Fortunes (IGF) will be applied annually to those who have a wealth of more than Bs 30 million ($4.3 mn). 2.The Value Added Tax (Re-VAT) establishes a 5% cash refund for people who earn less than 9,000 Bolivianos ($1291.25). 3.General State Budget Law (PGE) which will prioritise public investment with $4.01 billion which, according to the Government, will help economic recovery.
