International reserves only enough for four months of imports

Net International Reserves (NIR) fell to 4,999 million dollars on 10 February 2021. Although the downward trend has been going on since 2014, analysts say the current levels are worrying because, when the foreign currency takes into account, Bolivia would only have enough to cover four months of imports without the gold reserves.

San Cristobal mining company’s sales fall 41% in one year

In one year, sales at San Cristóbal, the country's largest mine, fell by 41% due to the decline in mineral prices and contraction in demand due to the pandemic, according to a balance sheet of the company's profit and loss statement comparing September 2019 to the same period in 2020.

The National Centre for Vegetable Seed Production Produces 14,000 kg of seed

The National Centre for Vegetable Seed Production (Cnpsh) works to improve tomato and other species in the country, support producers, and guarantee food security. Every year, the institution produces more than 14,000 kilos of the seed of 14 vegetable species. Fifty per cent of the production is of carrot seed, 20 per cent of onion seed, and less than 10 per cent of tomato seed; the rest is of other species. The institution is prioritising the launch of a hybrid tomato variety on the market, which improves yields.

Reserves are encroached upon, and INRA plans to authorise settlements on 4,000 ha

The illegal entry of people into the Bajo Paraguá Municipal Protected Area and the Guarayos Forest Reserve warns of the return of severe conflicts over land tenure in Santa Cruz. The Guarayos native peoples denounce that the encroachers intend to take parks, reserves and native lands even with firearms, while the National Institute of Agrarian Reform (INRA) plans to authorise settlement resolutions on 4,000 hectares in the first quarter of 2021 alone.

Exports fell 10.3% and imports dropped 27.7% in January

Exports reached $692.6 million in January, 10.3% less than in the same month of 2020, when sales abroad reached $772.1 million. The fall is due to negative variations in economic activities such as hydrocarbon extraction (-37.3%), agriculture, livestock, hunting and fishing (-6.2%) and manufacturing industry (-1.2%). The National Institute of Statistics also reports that imports in January reached $565.4 million, 27.7% less than in January last year.