Bolivia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia
IMF Staff Country Reports, December 22, 2016
Source details
- Canonical URL
- Bolivia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia
Other formats
Bibliographic details
- Published: December 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475561982.002
Summary findings
- Bolivia experienced substantial economic and social progress, boosted by the commodity boom.
- Growth has been strong, averaging about 5 percent since 2006.
- Poverty has fallen by a third.
- Authorities built up sizable buffers and largely dedollarized the financial system.
- Real GDP growth is projected at 3.7 percent in 2016.
- In the medium term, growth is expected to converge toward 3.5 percent, consistent with the new commodity price normal.
- Persistent twin deficits are noted as an ongoing structural issue.
Key economic indicators and trends
- Real GDP growth: projected at 3.7 percent in 2016.
- Medium-term growth projection: converge toward 3.5 percent.
- Historical growth average: about 5 percent since 2006.
- Poverty reduction: fallen by a third.
- Financial system: largely dedollarized.
- Fiscal/sectoral condition: sizable buffers built; persistent twin deficits.
Analytical context
- The report links Bolivia’s advances in growth and poverty reduction to the commodity boom.
- The medium-term outlook reflects adjustment to a "new commodity price normal."
- Despite solid growth by regional standards in 2016, structural vulnerabilities remain via twin deficits.
Thematic coverage (as listed)
- Banking
- Commodity prices
- Credit
- Economic sectors
- Money
- National accounts
- Prices
- Public debt
- Public sector
Source: Bolivia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia (December 22, 2016).