In February 2019, ENDE and the company TKS Ingeniería y Electricidad SA signed the contract for the construction of phase II of the solar plant. This project required an economic investment of US $ 54.7 million from the French Development Agency (AFD), the European Union (EU) and the Central Bank of Bolivia (BCB). Source: ATB
After taking the Kori Kollo facilities, leaders of the Villa Chuquiña community, Oruro department, began to steal equipment and materials from the place, the company denounced, while the Oruro Police reported that it would not intervene "due to lack of guarantees." Last January, some 30 locals seized the Kori Kollo facilities, which belong to the … Continue reading Locals seize Inti Raymi Mining Company Kori Kollo mining operation facilities and steal equipment
One of the projects with the highest investment announced on the occasion was the construction of a zinc smelting, refining and concentrates plant with an investment of US $ 295 million and an additional US $ 50 million for the operating part. President Arce said "the objective of this project is to contribute to the … Continue reading State to invest $ 345 mn in a zinc plant in Oruro
For the La Paz municipality, 250,000 doses are intended, a similar amount for El Alto, and the rest in proportion will be for Santa Cruz and Tarija. Revilla, the La Paz mayor, mentioned that the vaccines could cost between 8 to 10 million bolivianos and assured that the best offer in price and supply time … Continue reading The municipalities of La Paz and El Alto, together with the provinces of Santa Cruz and Tarija to buy 1mn vaccine doses
The decision of the authorities to suspend all activities of Carnival 2021 will cause loss in revenues of almost 100 million dollars to the department, which represents 50 percent of the more than 200 million dollars that tourist activities generate in Cochabamba throughout one year, said the head of the Culture and Tourism Unit, Uvaldo … Continue reading Cochabamba: carnival cancellation to cause $100 mn in revenue loss
On Indigenous territories in Bolivia that have secured property rights, deforestation rates are 2.8 times lower than outside of them. Such lands cover 20% of the country's territory, so the contribution of Indigenous peoples in Bolivia to fighting climate change is substantial. Source: Phys
The president of the National Chamber of Customs Brokers (CNDA), Antonio Rocha, mentioned that the annual movement for exports and imports is at least 20 billion dollars, and this year there will be a direct impact of approximately 1.5 billion , that is, 7.5 percent. Read more Source: Los Tiempos
The Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco) raised an economic agenda for the Executive to promote Bolivia, with three lines of action: macroeconomic stability, sectoral revival and business support. Read more Source: El Deber
Brazilian company Petrobras announced that it is possible to reduce its natural gas import contract from Bolivia to a volume of 12 million to 20 million cubic meters per day (MMm3/d). Thus, the company needs to sign an annexe with Bolivian Fiscal Oilfields (YPFB).
On Bolivia, Moody's reported : GDP growth will slow due to increased political risks. Fiscal deficit and foreign exchange buffers may continue to deteriorate as budgetary and current account deficits remain large. This situation, in turn, will affect banks' business prospects and put pressure on the risk of their assets and financing and liquidity profiles. The rating agency noted that loan mandates and interest rate limits would limit the ability of financial institutions to set risk prices appropriately.