Bolivia: Sixth Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Nonobservance and Applicability of Performance Criteria, Rephasing, and Reduction of Access

International Monetary Fund

No 2005/393, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the Sixth Review under the Stand-By Arrangement and Requests for Waiver of Performance Criteria on Bolivia highlights economic developments and preliminary macroeconomic framework. The economy is characterized by a number of vulnerabilities that require policy vigilance. These include a highly dollarized financial system subject to deposit runs and a fiscal position sensitive to revenue/expenditure-sharing arrangements between the central and subnational governments. Policies to ensure continued macroeconomic stability will provide continuity and a framework for sound policy action by the successor government.

Keywords: ISCR; CR; budget proposal; draft law; proposal; draft budget framework law; budget constraint; financial system deposit; program inflation target; hydrocarbon revenue; Government debt management; Public sector; Credit; Currencies (search for similar items in EconPapers)
Pages: 67
Date: 2005-11-02
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