Bolivia: Fifth Review under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criteria, Rephasing, Augmentation and Extension of the Stand-By Arrangement
April 29, 2005
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This paper discusses Bolivia’s Fifth Review Under the Stand-By Arrangement (SBA), Request for Waiver of Nonobservance of Performance Criteria (PC), and Rephasing, Augmentation, and Extension of the SBA. The 2004 program was on track. All quantitative PCs were met, with the exception of the end-September PC on central bank credit to the nonfinancial public sector. Macroeconomic developments have been positive, largely reflecting the favorable global environment, although the economy is still vulnerable. Real GDP growth is estimated to have reached 3¾ percent in 2004, and is projected to reach 4.5 percent in 2005.
Subject: Credit, Exports, Fiscal policy, Government debt management, International trade, Money, Public debt, Public financial management (PFM)
Keywords: authorities' priority, Bolivian authorities, CR, Credit, Executive Board's discussion, Exports, Global, government, Government debt management, ISCR, North America, policy development, SDR, staff assessment, unviable bill
Pages:
67
Volume:
2005
DOI:
Issue:
146
Series:
Country Report No. 2005/146
Stock No:
1BOLEA2005002
ISBN:
9781451805789
ISSN:
1934-7685
