Bolivia: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, July 26, 2006
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- Bolivia: Staff Report for the 2006 Article IV Consultation
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Bibliographic details
- Published: July 26, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805802.002
Executive summary and major findings
- Despite good economic reforms, macroeconomic stability, and a major expansion of the hydrocarbon sector, Bolivia still achieved only modest gains in poverty reduction.
- Executive Directors stressed the importance of fiscal prudence, domestic taxation, and strengthening of public expenditure management to ensure fiscal sustainability.
- The central bank was commended for its monetary policy stance.
- The report highlights the need to attain greater equity, transparency, and accountability underpinned by cautious macroeconomic policies.
- Directors underscored that Bolivia may face a competitive external environment for its nontraditional exports in the period ahead.
Policy recommendations and priorities
- Fiscal prudence to preserve sustainability.
- Strengthening domestic taxation to broaden the revenue base.
- Enhancing public expenditure management for improved fiscal outcomes.
- Maintain a cautious macroeconomic policy framework to support equity, transparency, and accountability.
- Continued prudent monetary policy as executed by the central bank.
Subject areas and keywords (as listed)
- Subject: Banking, Central banks, Credit, Economic sectors, International reserves, Money, Natural gas sector, Public debt, Public sector
- Keywords: authorities' objective, authority, Bolivian authorities, CR, Credit, Global, governments of Bolivia, International reserves, ISCR, managed float regime, Natural gas sector, Policy approach, Public sector, state, state oil company
Content in this bundle
- Bolivia: IMF Staff Report Excerpts