Bolivia: Fourth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 350

Publication date: November 2004

ISBN: 9781451805765

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , policy , SDR128 , 64 , hydrocarbons strategy , strategy , medium-term sustainability , Bolivia's request , government paper , exchange rate , poverty reduction outlay , Government debt management , Exports , Credit , South America

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper discusses Bolivia’s Fourth Review Under the Stand-By Arrangement (SBA) and Request for Waiver of Nonobservance of Performance Criteria (PC). Economic activity in Bolivia is picking up, led by exports. Real GDP growth is projected to reach 3.8 percent in 2004. Inflation has increased but remains in low single digits. The current account surplus increased, although recent capital outflows more than offset the improvement. The 2004 program is broadly on track. Fiscal quantitative performance criteria (PCs) at end–June were also observed.