{
  "title": "Bolivia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia",
  "publication": "IMF Staff Country Reports, December 18, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/bolivia-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43450",
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  "summary": "This 2015 Article IV Consultation highlights that Bolivia has achieved strong economic performance and poverty reduction over the past decade. Real GDP growth has averaged about 5 percent since 2006, and the poverty ratio has declined by 16 percentage points.",
  "sections": [
    {
      "heading": "Economic performance and poverty reduction",
      "content": "- Real GDP growth has averaged about 5 percent since 2006.\n- The poverty ratio has declined by 16 percentage points over the past decade.\n- The report characterizes Bolivia's performance as \"strong economic performance and poverty reduction.\""
    },
    {
      "heading": "2015 growth projection and near-term drivers",
      "content": "- Real GDP growth is projected to stay relatively strong at 4.1 percent in 2015, despite the sharp decline in oil prices that is starting to have an impact.\n- Near-term support for activity is expected from:\n  - A sizable public investment budget.\n  - Strong credit growth to the private sector.\n  - Robust private consumption."
    },
    {
      "heading": "Medium-term outlook and risks",
      "content": "- Growth is expected to decelerate to 3.5 percent over the medium term, as the full impact of the new commodity price normal is felt.\n- The report highlights exposure to commodity price adjustments, particularly oil, as a source of downward pressure on growth."
    },
    {
      "heading": "Thematic coverage (subjects and keywords highlighted in the report)",
      "content": "- Subjects: Banking; Credit; Economic sectors; Exchange rate flexibility; Fiscal policy; Fiscal stance; Foreign exchange; Money; National accounts; Public sector.\n- Keywords: Bolivia; commodity price normal; CR; Credit; credit growth; credit quota; development plan; Exchange rate flexibility; financial services law; Fiscal stance; Global; growth to the private sector; IDB lending; IMF staff; ISCR; monetary policy; poverty ratio; price; private sector; Public sector; South America; U.S. dollar.\n\nSource: Bolivia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia (IMF Staff Country Reports 2015, No. 2015/334).\n\n---\n\n Content in this bundle\n\n- cr15334\n  - cr15334 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15334 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 18, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513588278.002",
    "Real GDP growth has averaged about 5 percent since 2006.",
    "The poverty ratio has declined by 16 percentage points over the past decade.",
    "The report characterizes Bolivia's performance as \"strong economic performance and poverty reduction.\"",
    "Real GDP growth is projected to stay relatively strong at 4.1 percent in 2015, despite the sharp decline in oil prices that is starting to have an impact.",
    "Near-term support for activity is expected from:",
    "Growth is expected to decelerate to 3.5 percent over the medium term, as the full impact of the new commodity price normal is felt.",
    "The report highlights exposure to commodity price adjustments, particularly oil, as a source of downward pressure on growth.",
    "Subjects: Banking; Credit; Economic sectors; Exchange rate flexibility; Fiscal policy; Fiscal stance; Foreign exchange; Money; National accounts; Public sector.",
    "Keywords: Bolivia; commodity price normal; CR; Credit; credit growth; credit quota; development plan; Exchange rate flexibility; financial services law; Fiscal stance; Global; growth to the private sector; IDB lending; IMF staff; ISCR; monetary policy; poverty ratio; price; private sector; Public sector; South America; U.S. dollar.",
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