Bolivia: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia

International Monetary Fund

No 2007/248, IMF Staff Country Reports from International Monetary Fund

Abstract: Bolivia’s 2007 Article IV Consultation reports that reforms are needed to make the budget a more effective developmental and poverty-reducing tool. The fiscal position has shifted into a substantial surplus, and public debt has been substantially reduced. Financial sector stability has improved, although dollarization is still high. Efforts to address remaining financial sector vulnerabilities should be intensified. Priority areas of reform include the adoption of prudential regulations to mitigate market risk and credit risks from dollarization; and of legislation governing corporate bankruptcy/restructuring.

Keywords: ISCR; CR; government; real GDP; debt ratio; NPV; state oil company; debt service; debt relief; authorities' objective; private sector; Open market operations; Public sector; Exchange rate flexibility; Global (search for similar items in EconPapers)
Pages: 62
Date: 2007-07-26
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