Bolivia: 2009 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia
IMF Staff Country Reports, January 27, 2010
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- Bolivia: 2009 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia
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Bibliographic details
- Published: January 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805864.002
Economic developments and outlook
- The staff report describes economic developments and policies during Bolivia’s 2009 Article IV Consultation.
- The impact of the global recession on Bolivia has been milder than in other countries in the region.
- As the economy gathers momentum, a tighter monetary policy is recommended to reduce the risks of:
- excessive credit creation,
- foreign-exchange pressures, and
- a pick-up in inflation.
External sector
- Lower commodity exports and remittances have resulted in a sharp narrowing of the external current account surplus.
Financial system
- The financial system has been barely affected by the global crisis owing to its limited integration with international capital markets.
Policy implications and priorities
- Tighten monetary policy to address:
- risks associated with rapid credit growth,
- potential foreign-exchange pressures, and
- upward pressure on inflation.