Exports: use of the waterway will lower transportation costs by 18% and save 12 days

Export cargo transportation through the Ichilo-Mamoré waterway, which has access to the Atlantic Ocean, will cost approximately 18 per cent less than the operation carried out by land to Pacific ports. The reduction in transportation costs is because the waterway wi

Lithium: China seeks to participate in the industrialization

The Chinese ambassador in Bolivia informed that his country intends to resume negotiations with Bolivia to share technology to benefit Bolivian lithium industrialization. On April 30, the Government launched an international call for the direct extraction of lithium.

Gas production drops to 43.5 MMmcd, and lower supply in the local market warned

In 2015, 61 MMmcd of gas produced and in 2020, it fell to 43.5 MMmcd. Analyst experts point out that this fact will result in a lower supply of liquids for the local market and more significant gasoline and diesel imports.

YPFB expects revenues of $140 million annually after reactivating the urea plant

The state-owned oil company YPFB estimates annual revenues of between $120 and $140 million once the Ammonia and Urea Plant (PAU) reactivates fertilizer production. The plant's stoppage caused economic damage to the State, quantified at $291.19 million, related to lost profits, stoppage costs, repair of damaged equipment and lack of adequate maintenance.

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Milk exports drop 68% in 6 years

Between 2014 and 2020, the volume of milk exports fell by 68%, basically due to the closure of the Colombian market. The drop in exports caused the accumulation of more than 3 thousand tons of milk powder in PIL in the PIL dairy company. Source: Los Tiempos

Reactívate fair achieves $52 million in business intentions

The Fair for the Comprehensive Economic Reactivation for Bolivia 'Reactívate' achieved business intentions for $52 million. A total of 946 companies from all over the country registered for the fair. Source: El Deber

Producers estimate that frost in Pailon left a loss of more than $1 mn

Due to an infrequent frost in the municipality of Pailón, department of Santa Cruz, producers reported crop losses of over $1 million. The climatic effect affected small, medium and large producers.

Government reports 1.2% decline in the financial sector

The government reported a 1.2% decrease in the financial sector as of April 2021 and highlighted the growth of industries such as mining of 34.2% compared to last year.

Bolivia to receive one million J&J doses for 14% of the population

In Geneva, the Covax office confirmed the shipment of 1,008,000 Johnson & Johnson (J&J) vaccines to Bolivia, which will immunize 14% of people over 18 years of age in the country. The doses will arrive in the first days of July, informed the Government. The inoculants are 93% effective against hospitalization, according to a World …

IMF concludes consultation with Bolivia and recommends reducing hydrocarbon sector subsidies

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Bolivia, with recommendations aimed at implementing structural reforms to promote domestic private investment and foreign direct investment. The most striking of these is the reduction of subsidies to state-owned companies in the hydrocarbons sector.