Smuggling affects up to 10% of national production

According to studies conducted by the Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco), smuggling generates an economic loss that fluctuates between $1 billion and $1.8 billion. There is an impact in domestic production of 5% and 10% per year of the Gross Domestic Product (GDP), which harms the fiscal coffers of approximately $350 to $400 million per year.

IMF projects 5% growth for Bolivia if vaccination is accelerated

The IMF projects 5% growth for Bolivia if vaccination is accelerated. In its latest report, International Monetary Fund (IMF) projects economic growth of 5% for the country, as long as the country accelerates the vaccination of the adult population and preserves financial stability, reduces the fiscal deficit. The organization also recommended adjusting the economic model with measures to make the exchange rate more flexible and remove export restrictions.