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.

Net International Reserves reach $4.7 bn and secure six months of imports

The level of Net International Reserves (NIR) is close to $4.7 billion and ensures up to six months of imports, officialized the President of the Central Bank of Bolivia (BCB).

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.

Startup reaches a $1 million valuation

SOS Agro, an initiative that emerged in adversity and the midst of the health crisis, reached a valuation of one million dollars in a seed investment round. The idea designed to facilitate farmers' productive work through satellite images of their crops, which can be viewed and monitored through a mobile application.