The World Bank expects Bolivia's Gross Domestic Product (GDP) to grow by 3.9% in 2021, two tenths above average in Latin America and the Caribbean. By 2022, the international financial body projects that Bolivia's GDP will reach 3.5%.
Day: Jan 6, 2021
Intercontinental ships first zinc-silver concentrate from Bolivia, up to 420 tonnes
Canada’s Intercontinental Gold and Metals (TSXV: ICAU) announced that it has completed the first zinc-silver concentrate shipment from its toll processing facility in Bolivia. The commodity trading firm said that the initial shipment added up to 420 tonnes of zinc-silver concentrate. The zinc concentrate graded in excess of 50% zinc and over nine ounces of silver per tonne with no material impurities or penalties.
EIG sells stake in Brazil-Bolivia pipeline, wants to bid for 51% of Petrobras assets
EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said. U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil’s state-run oil company Petrobras, Chief Executive Blair Thomas told Reuters, as part of a wider move to into the country’s growing natural gas industry.
ASFI establishes a four-month grace period for bank loans
The Bolivian financial authority (ASFI) instructed banks to grant a grace period of at least four months for bank loans. During this time, borrowers will only pay interest, but not capital repayments.
Central government allocates $39 mn to regional governments for hiring healthcare workers
Bolivia's central government has earmarked more than BS. 274 million (about $39 million) for regional governments to immediately begin hiring healthcare workers. Regional governments will be in charge of distributing vaccines against COVID-19 purchased by the central government.
Bolivia Económica 