Bolivia: Staff Report for the 2003 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Waiver of Performance Criteria
Volume/Issue:
Volume 2003
Issue 257
Publication date: August 2003
ISBN: 9781451805734
$20.00
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , CBB President , authority , Bolivia's Stand-By Arrangement , Stand-By Arrangement , increase central bank autonomy , term growth prospect , Bolivia's performance , Public sector , International reserves , Commercial banks , North America
Summary
Macroeconomic and financial vulnerabilities have intensified in recent years. Bolivia has adopted a program to stabilize the situation, and the program is broadly on track. Monetary policy is appropriately geared to support a gradual build-up of international reserves while ensuring needed liquidity for the financial system. A comprehensive strategy is being developed for the financial and corporate sectors. Executive Directors welcome the government's progress toward a medium-term economic program that will foster a higher rate of sustained growth and reduce poverty.
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