Bolivia: Third Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criteria, and Augmentation and Extension of the Stand-By Arrangement

July 9, 2004

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Bolivia: Third Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criteria, and Augmentation and Extension of the Stand-By Arrangement, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

Bolivia’s Third Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria are discussed. The highly dollarized financial system suffered a renewed deposit run in October 2003, and conditions in the financial sector have remained fragile in 2004. Spending exceeded program targets by 0.7 percent of GDP, mostly owing to higher capital expenditure by municipalities, reflecting in part efforts to reduce social tensions. The authorities have allowed interest rates to increase in response to liquidity conditions and have been able to start placing a moderate amount of bonds.

Subject: Banking, Expenditure, Exports, International trade, Poverty, Poverty reduction strategy, Public debt, Revenue administration

Keywords: Bolivian authorities, Caribbean, CR, Exports, Financial situation, Financing, Global, Government, Government of President Mesa, Government plan, Gratitude to the donor community, Hydrocarbons policy, ISCR, Policy, Poverty reduction strategy, SDR

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/193
Stock No:

1BOLEA0022004
ISBN:

9781451805741
ISSN:

1934-7685

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