The Bolivian government said this week it will invest $6.3 million (BOB 44 million) to help reactivate its mining sector.
The government said the local mining financing fund, FOFIM, will immediately invest the money to structure a national program aimed at restoring job positions that were lost due to Covid-19. Through a national fund managed by FOFIM, Bolivian mining cooperatives may get loans to help them resume activities.
The Bolivian ministry of mining has recently established a protocol for the local mining segment to resume activities. The protocol set requirements for the use of materials, feedstock, equipment and how Bolivia can aid states and city governments regarding times of operations for mining-related companies.