The government informed today that it sent the Plurinational Legislative Assembly a draft bill to create a 2,000 million Bolivianos ($286.9 mn) trust fund to finance public investment projects of autonomous territorial entities. This mechanism is called Fideicomiso de Apoyo a la Reactivación de la Inversión Pública (FARIP) and is intended for governors' offices, municipalities and indigenous governments.
Day: Jun 25, 2021
INE reports $638 mn trade surplus
According to the latest report from the National Statistics Institute (INE), as of May 2021, the country recorded a trade surplus of $638 million. It is attributable to the increase in the prices of the primary exported goods and a 23% increase in volum
Government creates $11.9 mn fund and avoids Aasana stoppage
The Government and the Administration of Airports and Auxiliary Services to Air Navigation (Aasana) reached an agreement whereby the Government will allocate 83.8 million bolivianos ($11.9 mn) for the payment of seven months of outstanding salaries. The workers had announced a strike affecting operations at 42 air terminals in the country.
Domestic debt grew by $432.44 mn through April
The State's domestic debt increased by 3,014.1 million bolivianos ($432.44 mn) up to April of this year. External obligations grew by $345.5 million, reaching $12,517.2 million in April.
Mutún will cover 40% of the country’s iron ore demand
The government instructed the export of iron in the shortest term and informed that the Mutun would cover only 40% of the internal demand, 200 thousand tons per year. The steel plant will be inaugurated in mid-2023 and will cost $546 million, of which the China Eximbank will disburse 85%, and 15% will come from the State General Treasury (TGE) and the Productive Development Bank (BDP). It will process 800,000 tons of iron ore per year.
