Government targets 94.6% coverage in the electricity sector

The government's priority is to reach 94.6% national coverage in the electricity sector this year, mainly with projects in rural areas. The National Electrification Company (ENDE) has a budget of Bs 4,63 billion ($664.56 mn) to undertake investments.

Government affirms that foreign debt is equivalent to 31% of GDP and is sustainable

The Government informed yesterday that the sustainability of Bolivia's public debt is guaranteed and rejected the claims of Fundación Jubileo regarding the alleged unsustainability of the public debt (external and internal), which would have exceeded 50% of the Gross Domestic Product (GDP).

Rescheduled loans increase by 64%

As part of the grace period, the rescheduled outstanding portfolio of financial institutions increased to $1.37 billion, which implies a 64% growth between February 2020 and February 2021.

A possible economic damage of $1.2 mn to YPFB revealed

An investigation conducted by the Corporate Transparency Department of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) revealed irregular actions in the state oil company and its subsidiaries non-transparent management of $1.2 million for a Social Plan for the Prevention and Control of Coronavirus Contagions.

Bill proposes that the basis for the return of AFP contributions by 15%

There is still no definition, but the basis for the return of contributions to the Pension Fund Administrators (AFP) would be 15%, informed the president of the Chamber of Deputies.