The government delivered four headquarters to social organizations costing $3 mn

The government delivered four headquarters to social sectors. The cost of the infrastructure exceeds 21 million bolivianos ($3 million), money came from the National General Treasury (TGN).

PIL stopped selling 81 MM litres of milk between 2020 and 2021

Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.

Government proposes a $286.9 million trust fund to finance projects of governorates and municipalities.

The government informed today that it sent the Plurinational Legislative Assembly a draft bill to create a 2,000 million Bolivianos ($286.9 mn) trust fund to finance public investment projects of autonomous territorial entities. This mechanism is called Fideicomiso de Apoyo a la Reactivación de la Inversión Pública (FARIP) and is intended for governors' offices, municipalities and indigenous governments.

Government creates $11.9 mn fund and avoids Aasana stoppage

The Government and the Administration of Airports and Auxiliary Services to Air Navigation (Aasana) reached an agreement whereby the Government will allocate 83.8 million bolivianos ($11.9 mn) for the payment of seven months of outstanding salaries. The workers had announced a strike affecting operations at 42 air terminals in the country.

Domestic debt grew by $432.44 mn through April

The State's domestic debt increased by 3,014.1 million bolivianos ($432.44 mn) up to April of this year. External obligations grew by $345.5 million, reaching $12,517.2 million in April.

Net international reserves (NIR) decreased by $ 422 mn

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.

Bolivia registers a $1.05 bn drop in Foreign Investment

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.

Illegal entry of corn, sugar and meat causes millions of dollars in damages

The Chamber of Industry, Commerce and Services (Cainco) reports that the country loses $35 million annually through meat smuggling, $70 million through illegal sugar trade and $61 million through the illicit import of wheat flour. To these must be added the 408 million Bolivianos ($58 million) reported as damaged by the Corn and Sorghum Producers Association (Promasor) due to grain smuggling into the country.

CAO denounces that smuggling generates losses of $400 million to the industry

At such a hard time caused by the economic crisis caused by the pandemic, the Eastern Chamber of Agriculture (CAO) and its affiliated institutions demand immediate attention from the different levels of government to stop this unfair competition caused by smuggling and that generates the loss of approximately $ 400 million for this sector.

Food and beverage smuggling affect 125,000 jobs in Bolivia

The smuggling of eight categories of food and beverages generates a loss of $550 million and affects approximately 125,000 jobs nationwide.