Bolivia: 2018 Article IV Consultation-Press Release and Staff Report
Electronic Access:
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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.
Series:
Country Report No. 2018/379
Subject:
Banking Commodity prices Credit Economic sectors Expenditure Money Prices Public debt Public investment and public-private partnerships (PPP) Public sector
English
Publication Date:
December 21, 2018
ISBN/ISSN:
9781484392041/1934-7685
Stock No:
1BOLEA2018001
Pages:
79
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