Salaries of Vinto and Colquiri executives cut by up to 28.5%

The government ordered a reduction in the salaries of the executive staff at Empresa Minera Colquiri and Empresa Metalúrgica de Vinto in percentages ranging from 15.8% to 28.5% austerity policy and to guarantee the financial sustainability of the state-owned companies. Colquiri's main problem is its debt to suppliers. Outstanding obligations exceed 43 million dollars.

Early repayment of IMF loan generates $24.3mn loss

The early repayment of $351.5 million to the International Monetary Fund (IMF) for a loan obtained in April 2020 generated an economic loss for the $24.3 million in the Bolivian state. The president of the Central Bank of Bolivia (BCB), Edwin Rojas, reported yesterday that the loan managed irregularly and that the conditions were onerous and disadvantageous for the state.