Bolivia to receive one million J&J doses for 14% of the population

In Geneva, the Covax office confirmed the shipment of 1,008,000 Johnson & Johnson (J&J) vaccines to Bolivia, which will immunize 14% of people over 18 years of age in the country. The doses will arrive in the first days of July, informed the Government. The inoculants are 93% effective against hospitalization, according to a World …

IMF concludes consultation with Bolivia and recommends reducing hydrocarbon sector subsidies

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Bolivia, with recommendations aimed at implementing structural reforms to promote domestic private investment and foreign direct investment. The most striking of these is the reduction of subsidies to state-owned companies in the hydrocarbons sector.

Net International Reserves reach $4.7 bn and secure six months of imports

The level of Net International Reserves (NIR) is close to $4.7 billion and ensures up to six months of imports, officialized the President of the Central Bank of Bolivia (BCB).

The government delivered four headquarters to social organizations costing $3 mn

The government delivered four headquarters to social sectors. The cost of the infrastructure exceeds 21 million bolivianos ($3 million), money came from the National General Treasury (TGN).

PIL stopped selling 81 MM litres of milk between 2020 and 2021

Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.

Startup reaches a $1 million valuation

SOS Agro, an initiative that emerged in adversity and the midst of the health crisis, reached a valuation of one million dollars in a seed investment round. The idea designed to facilitate farmers' productive work through satellite images of their crops, which can be viewed and monitored through a mobile application.

Gas shortage jeopardizes the production of 1 million litres of alcohol

The Bermejo sugar mill will have to use firewood and bagasse during the 2021 harvest, even though the state-owned YPFB announced the provision of diesel to solve the shortage in this industry. The lack of gas supply jeopardizes the production of at least 1 million litres of alcohol. For this year, the factory plans to produce 700,000 quintals of sugar. Milling will begin this Wednesday.

Quinoa exports fall by 30%

Bolivia produces 63,000 tons of quinoa per year, of which 32,000 tons, or less than 50%, are exported. There is a notable drop in exports due to the increase in production of the grain in countries such as the United States, China, Spain, and France, which are close to covering their domestic demand. Between January and May 2021, exports dropped 30%, reaching $25 million, less than last year when the country received $36 million.

The government highlights gas exports, but revenues fall 3.5%

Last week, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) and the government highlighted increased gas exports from increased shipments to Argentina. However, revenues from natural gas sales fell by 3.5 per cent between April and May 2021 compared to a similar period in 2020.

$70 million budget planned to reactivate the Ichilo-Mamoré waterway

According to government projections, the reactivation of the Ichilo-Mamoré waterway will require a budget of over $70 million and foresees starting work in July of this year.