IMF Staff Country Reports

Bolivia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia

January 31, 2025

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International Monetary Fund. Western Hemisphere Dept. "Bolivia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia", IMF Staff Country Reports 2025, 034 (2025), accessed March 2, 2025, https://doi.org/10.5089/9798400299292.002

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Summary

Economic activity has slowed reflecting falling natural gas production, lower public investment execution, financial volatility, and disruptions due to socio-political tensions. Bolivia’s inflation rate remains one of the lowest in the region, sustained by price controls and costly subsidies. The combination of sizable fiscal imbalances, declining natural gas exports, a loss of access to international markets, and the ongoing monetization of the deficit in the context of an exchange rate peg have eroded competitiveness, depleted reserves, and left Bolivia in a precarious position.

Subject: Central Banks, Economic sectors, Foreign exchange, Inflation, International reserves, Prices, Public debt, Public sector

Keywords: Authorities' action, Bolivian authorities, Caribbean, Global, Government's measure, Inflation, International reserves, Market exchange rate volatility, Public sector, U.S. dollar

Publication Details

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