Economy Minister Marcelo Montenegro revealed that the government has budgeted up to $90 million for logistics and the purchase of vaccines and COVID-19 tests. He considered that entering a full lockdown will hit the economy.
Day: Jan 26, 2021
Government launches $132.26 mn trust fund to reactivate industry
The government is channelling loans for micro, small and large enterprises, ranging from BS250,000 ($36,295.68) to BS5,000,000 ($725,913.50) at an interest rate of 0.5% to reactivate and boost national production. The resources correspond to two trusts with Bs911 million ($132.26 million), which will be made available through the Banco Unión and the Banco de Desarrollo Productivo (BDP).
Government allocates $3.2 mn for reforestation and water conservation
The Ministry of Environment and Water, through Fonabosque, launched on Monday the public call to co-finance reforestation projects and conservation of water sources. To this end, the government has allocated a total of Bs22 million ($3.2 million).
The Bolivian government is open to the use of biotechnology for soybean crops
President Luis Arce Catacora's government has expressed its willingness to allow, following a technical study, the use of biotechnology for the production of soy, cotton and sugar cane, according to Isidoro Barrientos, president of the Cámara Agropecuaria de Pequeños Productores del Oriente (Cappo).
CBHE renews its board of directors
The Bolivian Chamber of Hydrocarbons and Energy (CBHE) renewed its board of directors and expressed its commitment to coordinate and promote joint work between the public and private sectors to advance the implementation of projects and continue the search for new opportunities. The new vice-president of the CBHE, Pedro Ribeiro, said that since 2006 the private sector has invested $14 billion in the hydrocarbons area.
Bolivia Económica 