Remittances from abroad in June reached $116.1 million and the first-half cumulative amounted to $687.7 million, a 50.6% growth compared to the first semester of 2020, says a Bolivian Central Bank (BCB) report. Remittances came mainly from Spain (35.1%), Chile (20.3%), the United States (20.3%), Argentina (5.5%) and Brazil (4.2%).
Day: Aug 9, 2021
YPFB to invest $17.4 million in drilling wells in Bolivia’s Amazon region
YPFB began drilling the Gomero X1 IE well, located in the department of Pando in Bolivia's Amazon region. The project will require an investment of $17.4 million and aims to discover the hydrocarbon potential of this area of the country.
Forest fires consumed more than 147,000 hectares in Santa Cruz
Forest fires this year have consumed more than 147,000 hectares (360,000 acres) in Santa Cruz department, the regional government reported. As in neighboring Brazil, the fires have been aggravated by widespread deforestation aimed at expanding farming or pasture land. Each year Bolivia confronts forest-fire outbreaks started by settlers in remote areas or by agribusinesses trying to expand their production. Bolivian NGO the Friends of Nature Foundation estimates that forest fires last year destroyed more than 2.3 million hectares of forests and grassland.
