Monthly inflation in November this year was 1.11% compared to October. The 11-month cumulative rate reached 3.06% and cumulative 12-month inflation was 3.41%, according to the National Statistical Institute (INE) report.
The United Nations on Thursday demanded further assistance to facilitate the development of landlocked countries, such as Bolivia and Paraguay, which face particular difficulties over their geographical situation in combating poverty. The UN General Assembly adopted a declaration calling for more financial support for these nations and more cooperation to facilitate their access to international trade.
The Government is considering returning $449 million (as at end-November) which had been allocated to the hydrocarbon exploration fund, in force since December 2015. The Incentives Act (Ley de Incentivos) will not be overturned, but the Government will assess whether or not the funds were or will be deployed. The funds were initially taken from regions, universities and others.
The state attorney general, José María Cabrera, revealed on Thursday that at least four international processes facing the country put at risk 1,000 million dollars for possible compensation in case of adverse failures.
A report published by La Nación hinted that imports of natural gas from Bolivia tend to lose prominence in the energy matrix of the neighboring country that supports its strategy in the rationalization of resources and greater local production of energy not only hydrocarbons, but electricity.
The National Electricity Company (ENDE) pledged that the Ivirizu hydro project, which will provide 290 megawatts into the National Interconnected System (SIN), will conclude in 2021. The Ivirizu Hydroelectric Project is being built in the Carrasco National Park of the department of Cochabamba in a surface of 250 hectares with an investment of US$ 549 million.
The president of Bolivia's National Electricity Company (Ende), Joaquín Rodríguez, reported on Monday that, from the second half of this year, it is expected to start exporting electricity to Argentina, once the transmission line between both countries is established.
The president of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) , Óscar Barriga, indicated the state company plans to invest 1,450 million dollars in 2019. The state-owned company reported today that US$ 450 million dollars have been earmarked for hydrocarbon exploration projects.
The Port Services Administration-Bolivia (ASP-B) and the National Ports Administration (ANP) of Uruguay yesterday signed an agreement to give Bolivia access to the Atlantic through the ports of Nueva Palmira and Montevideo. The agreement allows Bolivia to have presence in both docks, which are connected through the Paraguay-Paraná Waterway, a route in which the country consolidated three ports (Gravetal, Jennefer and Aguirre) to boost foreign trade.
The Minister of Development Planning, Mariana Prado, and Juan Notaro Fraga, president of the Financial Fund for the Development of the River Plate Basin (Fonplata), signed a $ 100 million loan on Monday for the Urban Infrastructure for Generation Program of Employment II. The objective of this program is to promote and develop comprehensive urban infrastructure initiatives for the construction of sustainable, accessible and inclusive cities.