Bolivia: Selected Issues

January 29, 2010

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Bolivia: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign assets stemmed primarily from a persistent current account surplus, in the context of a crawling peg exchange rate regime. Large current account surpluses followed from major terms of trade improvement after the sharp increase in Bolivia’s key export commodity prices during the period 2004–08.

Subject: Central banks, Economic sectors, Fiscal policy, Fiscal stance, Fiscal union, Public sector, Reserve positions, Revenue administration, Revenue sharing, Taxes

Keywords: Bolivia, CR, Excess reserves, Fiscal stance, Fiscal union, General government, Government expenditure, Government's commitment, Hydrocarbon revenue, IDH revenue, ISCR, Opportunity cost, Precautionary motive, Public sector, Reserve, Reserve positions, Revenue, Revenue sharing, Sensitivity analysis, Surplus

Publication Details

Pages:

19
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/029
Stock No:

1BOLEA2010002
ISBN:

9781451805871
ISSN:

1934-7685

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