Bolivia: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia

July 26, 2007

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Format: Chicago

Bolivia: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia, (USA: International Monetary Fund, 2007) accessed November 22, 2024

Summary

Bolivia’s 2007 Article IV Consultation reports that reforms are needed to make the budget a more effective developmental and poverty-reducing tool. The fiscal position has shifted into a substantial surplus, and public debt has been substantially reduced. Financial sector stability has improved, although dollarization is still high. Efforts to address remaining financial sector vulnerabilities should be intensified. Priority areas of reform include the adoption of prudential regulations to mitigate market risk and credit risks from dollarization; and of legislation governing corporate bankruptcy/restructuring.

Subject: Central banks, Currencies, Economic sectors, Exchange rate flexibility, External debt, Foreign exchange, Open market operations, Public debt, Public sector

Keywords: Authorities' objective, CR, Debt ratio, Debt relief, Debt service, Exchange rate flexibility, Global, Government, ISCR, NPV, Open market operations, Private sector, Public sector, Real GDP, State oil company

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/248
Stock No:

1BOLEA2007001
ISBN:

9781451805826
ISSN:

1934-7685

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