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.
Together with Daiwa Securities Group, CAF (development bank of Latin America) made its first thematic placement of bonds aimed explicitly at financing nutrition programs. The securities, totalling 20 billion yen (approximately $183 million), have a term of 7 years.
The First Chamber of the Agro-environmental Court annulled the sentence against Petrobras Bolivia, which ordered Petrobras Bolivia and its partners to pay $61.1 million to a family for the land where the San Alberto camp located. Source: El Deber
YPFB Transporte S.A., through its subsidiary YPFB Transporte do Brasil, increased its shareholding in Transportadora Brasileira Gasoducto Bolivia-Brasil S.A. (TBG) from 12% to 19.88% with an investment of $37.2 million.
More than 3,000 doctors and nurses of the public health system have not received their payments for the last five months. However, the Government assured that the Health Infrastructure and Medical Equipment Agency (Aisem) would pay the salaries in the following days.
The distribution company Servicios Eléctricos de Tarija (Setar), which depends on the Government of Tarija, has more employees than other companies in the country and an economic loss of Bs 90 million ($12.9 mn) accumulated in recent years.
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.
Net international reserves (NIR) fell by $422 million under the current government administration, which has now instructed the Central Bank of Bolivia (BCB) to purchase domestically produced gold to strengthen the stock.
Three hundred and thirty-one kilos of gold seized from the Indian importer GoldShine disappeared from the warehouses of that firm, which paradoxically had them in custody. The mineral is valued at $18 million, estimating that the State loses approximately Bs 9 million in royalties ($1.29 mn).
According to a report of the Central Bank of Bolivia (BCB), at the end of 2020, Foreign Direct Investment (FDI) fell $217 million in 2019, and in 2020 the fall was $831 million, reaching an accumulated negative behaviour of $1.05 billion in the two years mentioned.