Asoban: Banks stopped receiving about $4bn for deferment of credit payments

The deferral applied in 2020 in credit quotas payment meant that banks did not receive at least $4 billion in capital and interest. If the deadline extends, as demanded by various sectors, it would be a further blow to the financial system, warned the Association of Private Banks of Bolivia (Asoban).

Marcelo Gonzales appointed President of YLB with the challenge of industrialise Bolivia’s lithium

Marcelo Gabino Gonzales Saique appointed on Monday as the new executive president of Yacimientos de Litio Bolivianos (YLB). He will have the mission of reactivating the process of industrialization of lithium, which has not taken off for 13 years in the country. Marcelo Gonzales has extensive experience in the area and YLB.

Regional and local governments receive only 8.7% of the national budget

The departmental and municipal autonomous governments administer less than 10% of the state budget and must face the pandemic's resurgence this year with more significant needs and obligations, while the central level left with more than 90% of the resources. This year the country's 337 municipalities will administer 5.7% of the entire budget, while the country's nine departments manage 3%.