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

International Monetary Fund

No 2018/379, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; fiscal policy; commodity; exchange rate; U.S. dollar; central bank; exchange regime; accommodative fiscal policy; boom period; Public investment and public-private partnerships (PPP); Credit; Commodity prices; Public sector; Global (search for similar items in EconPapers)
Pages: 79
Date: 2018-12-21
New Economics Papers: this item is included in nep-mac
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