Bolivia: 2018 Article IV Consultation-Press Release and Staff Report

December 21, 2018

Preview Citation

Format: Chicago

Bolivia: 2018 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2018) accessed December 26, 2024

Summary

After years of impressive growth and poverty reduction, Bolivia is facing a more challenging period. Accommodative fiscal and monetary policies combined with lower gas and minerals prices have contributed to continued large twin deficits, foreign reserve losses, and a sharp increase in public debt. External competitiveness has been negatively affected by the appreciating US dollar, high wage growth, and domestic policies that have hindered private sector investment. A definitive change in the policy stance is warranted to restore external balance, minimize a further buildup in vulnerabilities, and promote broad based growth.

Subject: Banking, Commodity prices, Credit, Economic sectors, Expenditure, Money, Prices, Public debt, Public investment and public-private partnerships (PPP), Public sector

Keywords: Accommodative fiscal policy, Boom period, Central bank, Commodity, Commodity prices, CR, Credit, Exchange rate, Exchange regime, Fiscal policy, Global, ISCR, Public investment and public-private partnerships (PPP), Public sector, U.S. dollar

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/379
Stock No:

1BOLEA2018001
ISBN:

9781484392041
ISSN:

1934-7685

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