Bolivia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Bolivian Authorities
IMF Staff Country Reports, November 1, 2022
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- Bolivia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Bolivian Authorities
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Bibliographic details
- Published: November 1, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400223778.002
Economic recovery and outlook
- Supported by favorable terms-of-trade, the economy has recovered more rapidly than expected.
- Output is now nearing pre-COVID levels, although it is expected to remain below the pre-COVID trend during the next five years.
- The windfall from higher prices for Bolivia’s exports of food, minerals, and natural gas has bolstered private savings, some of which has been channeled to finance the budget deficit.
Fiscal and monetary developments
- Ongoing monetary financing, in the context of the fixed exchange regime, continues to drain international reserves.
- Private savings increases have partly financed the budget deficit.
Inflation, price controls, and subsidies
- The inflation rate has been one of the lowest in the region.
- Low inflation is attributed in large part to price controls and increased subsidies for food and energy.
Publication and metadata
- Publication date: November 1, 2022
- Pages: 64
- Volume: 2022
- Issue: 333
- Series: Country Report No. 2022/333
- DOI: https://doi.org/10.5089/9798400223778.002
- Stock No: 1BOLEA2022001
- ISBN: 9798400223778
- ISSN: 1934-7685
Subjects and keywords (as listed)
- Subjects: Central banks, Economic sectors, Expenditure, International organization, International reserves, Monetary policy, Pension spending, Public debt, Public investment spending, Public sector
- Keywords: Bolivian government, Caribbean, fund staff, Global, International reserves, liability positions vis-à-vis nonresident, market exchange rate volatility, Pension spending, Public investment spending, Public sector, South America, staff state, U.S. dollar
International Monetary Fund. Bolivia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Bolivian Authorities (IMF Staff Country Reports 2022, 333).
Content in this bundle
- 1bolea2022001