The payment of the Bono contra el Hambre reached more than 3.8 million people, covering 93% of the total number of beneficiaries, with an expenditure of Bs.3.877 billion ($561.26 million), informed Ivette Espinoza, vice-minister of Pensions and Financial Services.
Fidel Flores, president of the Association of Oilseed and Wheat Producers (Anapo), reported that his sector has registered an economic loss of $50 million. In January there was 600 millimetres of rainfall, when soybeans only need 400 millimetres of water for their entire development. As a result, some 60,000 hectares of soybeans, maize and sorghum have been lost or affected.
The Senate approved a $350 million loan from CAF for the health emergency. The loan was approved by the Chamber of Deputies last week. The Minister of Planning, Grabiela Guzmán, said that this credit is freely available. It can therefore be used for other emergencies caused as a collateral effect of COVID-19.
The General Index of Economic Activity registered a negative variation of 9.56%, its biggest fall since 1953, the fall is a product of the impact of the COVID-19 pandemic combined with the fall in international commodity prices.
The National Chamber of Industries (CNI) reported the loss of about 70,000 jobs in that sector during 2020 as a result of the COVID-19 pandemic. This figure represents about 11% of jobs in the country.