Bolivia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia
IMF Staff Country Reports, December 18, 2015
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- Bolivia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia
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Bibliographic details
- Published: December 18, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513588278.002
Economic performance and poverty reduction
- Real GDP growth has averaged about 5 percent since 2006.
- The poverty ratio has declined by 16 percentage points over the past decade.
- The report characterizes Bolivia's performance as "strong economic performance and poverty reduction."
2015 growth projection and near-term drivers
- Real GDP growth is projected to stay relatively strong at 4.1 percent in 2015, despite the sharp decline in oil prices that is starting to have an impact.
- Near-term support for activity is expected from:
- A sizable public investment budget.
- Strong credit growth to the private sector.
- Robust private consumption.
Medium-term outlook and risks
- Growth is expected to decelerate to 3.5 percent over the medium term, as the full impact of the new commodity price normal is felt.
- The report highlights exposure to commodity price adjustments, particularly oil, as a source of downward pressure on growth.
Thematic coverage (subjects and keywords highlighted in the report)
- Subjects: Banking; Credit; Economic sectors; Exchange rate flexibility; Fiscal policy; Fiscal stance; Foreign exchange; Money; National accounts; Public sector.
- Keywords: Bolivia; commodity price normal; CR; Credit; credit growth; credit quota; development plan; Exchange rate flexibility; financial services law; Fiscal stance; Global; growth to the private sector; IDB lending; IMF staff; ISCR; monetary policy; poverty ratio; price; private sector; Public sector; South America; U.S. dollar.
Source: Bolivia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia (IMF Staff Country Reports 2015, No. 2015/334).