## Bolivia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Bolivian Authorities

_IMF Staff Country Reports, November 1, 2022_

## Source details

**Canonical URL:** [Bolivia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Bolivian Authorities](https://www.imf.org/en/publications/cr/issues/2022/11/01/bolivia-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-525346)

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## Bibliographic details
- Published: November 1, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400223778.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2022/11/01/bolivia-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-525346_