IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

December 21, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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. 18/379

Subject:

Article IV consultation reports Balance of payments Central Banks Debt sustainability analysis Economic indicators External sector Fiscal policy Fiscal reforms Governance International reserves Macroprudential policies and financial stability Monetary policy Press releases Public debt Spillovers Staff reports