## Bolivia: Selected Issues

_IMF Staff Country Reports, January 29, 2010_

## Source details

**Canonical URL:** [Bolivia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/bolivia-selected-issues-23585)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/bolivia-selected-issues-23585/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/bolivia-selected-issues-23585/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/bolivia-selected-issues-23585/bundle-manifest.json)

## Bibliographic details
- Published: January 29, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805871.002

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### Key findings and estimates
- Bolivia’s foreign reserves are adequate.
- Estimated optimal level of reserves: between 29 percent of GDP and 37 percent of GDP.
- The paper derives estimates of optimal reserves focusing on current account shocks as the key balance of payments risk.

### Drivers of reserve accumulation
- Reserve accumulation stemmed primarily from a persistent current account surplus.
- The macroeconomic context included a crawling peg exchange rate regime.
- Large current account surpluses followed from major terms of trade improvement after the sharp increase in Bolivia’s key export commodity prices during the period 2004–08.

### Analytical focus
- Primary balance of payments risk considered: current account shocks.
- The analysis links external asset accumulation to commodity price developments and exchange rate regime.

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## Content in this bundle

- **Bolivia: Selected Issues; IMF Country Report 10/29; December 23, 2009**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/bolivia-selected-issues-23585_