WB projects Bolivia’s GDP growth at 4.7%

The World Bank (WB), in its Global Economic Prospects report, ratified its March projection that Bolivia's Gross Domestic Product (GDP) will have economic growth of 4.7 per cent this year. The outlook is based on the assumption of moderate progress in distributing vaccines in most Latin American countries, fewer restrictions on movement, positive spillovers from advanced economies, and increased commodity prices.

Remittances from abroad rise 42%, but the level of NIR is still low

Between January and April, family remittances from abroad reached a value of 449.9 million dollars, an amount 42.1 per cent higher than that recorded in the same period of 2020. Both years are not comparable due to the variation in the behaviour of the pandemic. The BCB report indicates that the resources come mainly from Spain, Chile, the United States, Argentina and Brazil.

Petrobras Bolivia has had its bank accounts frozen for 55 days

Petrobras Bolivia's bank accounts have frozen by order of the agro-environmental court of Entre Ríos (Tarija) since April 14. Petrobras informed that it could not make any pending payments due to the freezing of its accounts due to the precautionary measure. Judge Hesse set the payment of $61.1 million as payment for using the Baldivieso Vacaflor family's land in the first instance of the trial.

Food exports grow 49% year-on-year

Figures from the National Statistics Institute (INE) and prepared by IBCE reveal that in four months of this year, $594 million worth of food exported, 49% more than 2020 in value, and 11% more in volume imports reached $164 million. Sales of non-traditional products, 80% of which are foodstuffs, exceed those of hydrocarbons.