Preliminary data from the National Institute of Statistics (INE) reflect a 5.6% contraction in the Bolivian economy during the cumulative period from January to April 2020. The World Bank predicted that the Bolivian economy will contract by 5.9% this year due to the effect of the pandemic, and the INE data seems to confirm this trend.
Day: July 3, 2020
Grains: until the end of the year, $12 billion more could enter the country
In the second semester the oilseed cereal complex could contribute between $10.5 and $12 billion to the country, although for this to happen, the distance between the dollar "cash with liquidation" and the official one should shorten. So far this year, sales of $10.3 billion have already been settled in the Central Bank.
Argentines have $222.8 billion in deposits abroad
Argentines accumulate 222.8 billion dollars in money deposited abroad, safe deposit boxes, according to official data calculated to the first quarter of the year. Compared to the first quarter of 2019, those dollar assets grew 17.1%.
YPF offers to redeem $1 billion bond
YPF announced yesterday a proposed swap to extend the maturity of a $1 billion international bond. The paper matures in March 2021. The proposal is to offer those who join a cash payment and a new series of Negotiable Obligations with final maturity in 2025. Thus, for every $1,000 face value of Class XLVII, the investor will get $100 cash and $950 face value of a new series.
Tax revenues fell 16.2% in June
In June, there was again a drop in the collection of the leading national taxes levied on domestic operations. In both VAT and Profit, the real fall was 16.2%.
