IMF Staff Country Reports

Bolivia: Sixth Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Nonobservance and Applicability of Performance Criteria, Rephasing, and Reduction of Access

November 2, 2005

Preview Citation

Format: Chicago

International Monetary Fund. "Bolivia: Sixth Review Under the Stand-By Arrangement and Requests for Modification and Waiver of Nonobservance and Applicability of Performance Criteria, Rephasing, and Reduction of Access", IMF Staff Country Reports 2005, 393 (2005), accessed 12/24/2025, https://doi.org/10.5089/9781451805796.002

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Summary

The staff report for the Sixth Review under the Stand-By Arrangement and Requests for Waiver of Performance Criteria on Bolivia highlights economic developments and preliminary macroeconomic framework. The economy is characterized by a number of vulnerabilities that require policy vigilance. These include a highly dollarized financial system subject to deposit runs and a fiscal position sensitive to revenue/expenditure-sharing arrangements between the central and subnational governments. Policies to ensure continued macroeconomic stability will provide continuity and a framework for sound policy action by the successor government.

Subject: Banking, Credit, Currencies, Economic sectors, Government debt management, Money, Public debt, Public financial management (PFM), Public sector

Keywords: budget constraint, budget proposal, CR, Credit, Currencies, draft budget framework law, draft law, financial system deposit, Government debt management, hydrocarbon revenue, ISCR, program inflation target, proposal, Public sector