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Bolivia 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Bolivia
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Book Synopsis Bolivia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia by : International Monetary
Download or read book Bolivia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-04 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the October 2020 election, the new administration moved to tackle the devastating human and economic effects of the COVID-19 pandemic. The economy shows signs of recovery from its 8.8 percent contraction in 2020. However, fiscal imbalances have increased and international reserves continue to fall. On February 12, Bolivia repurchased the 240.1 million SDR purchase under the Fund’s Rapid Financing Instrument (that was approved by the Fund’s Executive Board in April 2020).
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513588273 Total Pages :85 pages Book Rating :4.5/5 (135 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-12-18 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. 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. A sizable public investment budget, strong credit growth to the private sector, and robust private consumption are expected to support activity. 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.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1475561989 Total Pages :91 pages Book Rating :4.4/5 (755 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-12-22 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights Bolivia’s substantial economic and social progress, boosted by the commodity boom. Growth has been strong, averaging about 5 percent since 2006, and poverty has fallen by a third. During this time, the authorities built up sizable buffers and largely dedollarized the financial system. Real GDP growth is projected at 3.7 percent in 2016, which is still relatively strong by regional standards. In the medium term, growth is expected to converge toward 3.5 percent, consistent with the new commodity price normal, amid persistent twin deficits.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513557688 Total Pages :85 pages Book Rating :4.5/5 (135 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-12-18 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. 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. A sizable public investment budget, strong credit growth to the private sector, and robust private consumption are expected to support activity. 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.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1475562071 Total Pages :91 pages Book Rating :4.4/5 (755 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-12-22 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights Bolivia’s substantial economic and social progress, boosted by the commodity boom. Growth has been strong, averaging about 5 percent since 2006, and poverty has fallen by a third. During this time, the authorities built up sizable buffers and largely dedollarized the financial system. Real GDP growth is projected at 3.7 percent in 2016, which is still relatively strong by regional standards. In the medium term, growth is expected to converge toward 3.5 percent, consistent with the new commodity price normal, amid persistent twin deficits.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :148433468X Total Pages :89 pages Book Rating :4.4/5 (843 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2017-12-22 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that Bolivia’s real GDP is expected to grow by 4 percent in 2017, relatively strong by regional standards. Accommodative fiscal policy, strong credit growth, and robust private consumption are expected to continue supporting activity while the fiscal and external current account deficits are likely to persist in the medium term. With weak private investment and the end of the commodity boom, growth is forecast to moderate gradually to 3.7 percent in the medium term. Key risks to this outlook include failure to discover new natural gas fields, further dollar strength, or lower-than-expected gas and minerals prices.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513574809 Total Pages :94 pages Book Rating :4.5/5 (135 download)
Book Synopsis Peru by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Peru written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2021-03-24 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of US$11 billion (600 percent of quota) on May 28, 2020.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 : Total Pages :0 pages Book Rating :4.4/5 (2 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2022-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supported by favorable terms-of-trade, the economy has recovered more rapidly than expected and 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. Despite this, ongoing monetary financing, in the context of the fixed exchange regime, continues to drain international reserves. The inflation rate has been one of the lowest in the region, in large part a result of price controls and increased subsidies for food and energy.
Book Synopsis Bolivia by : International Monetary Fund
Download or read book Bolivia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-02 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bolivia showed a solid macroeconomic performance in recent years, owing to its strong trade and prudent economic policies. IMF staff stressed the need to tighten monetary conditions through increasing the policy interest rate as a means to combat inflation. The Executive Board praised authorities for their sound macroeconomic management, and concurred that structural reform and increased investment will enhance economic growth. However, the crisis management framework could be strengthened with a deposit insurance scheme to protect small depositors in the event of bank liquidation.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :148439206X Total Pages :79 pages Book Rating :4.4/5 (843 download)
Book Synopsis Bolivia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Bolivia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-12-21 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: After years of impressive growth and poverty reduction, Bolivia is facing a more challenging period. Accommodative fiscal and monetary policies combined with lower gas and minerals prices have contributed to continued large twin deficits, foreign reserve losses, and a sharp increase in public debt. External competitiveness has been negatively affected by the appreciating US dollar, high wage growth, and domestic policies that have hindered private sector investment. A definitive change in the policy stance is warranted to restore external balance, minimize a further buildup in vulnerabilities, and promote broad based growth.
Book Synopsis Bolivia by : International Monetary Fund
Download or read book Bolivia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-23 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Bolivia’s Request for a Stand-By Arrangement (SBA). The Bolivian authorities have focused their efforts on restoring economic and social stability, strengthening the banking and corporate sectors, and establishing the basis for sustained growth. In support of their economic program for 2003, the authorities have requested an SBA equivalent to 50 percent of quota (SDR 86 million). At the same time, the authorities continue to develop a broader set of medium-term structural reforms, for which they plan to seek support through an arrangement under the Poverty Reduction and Growth Facility as soon as possible.
Book Synopsis Bolivia by : International Monetary Fund
Download or read book Bolivia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-06-25 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bolivia has a long track record of substantial progress in the areas of macroeconomic stability and structural adjustment; however, poverty remains widespread. Although there were significant delays and setbacks in the execution of the structural adjustment program, some important advances were achieved, mainly in the areas of tax administration and budget management. The Bolivian authorities have developed a comprehensive poverty reduction strategy. The government’s medium-term economic program is designed to raise growth to 5 percent. Bolivia maintains an open exchange and trade system.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451805802 Total Pages :70 pages Book Rating :4.8/5 (58 download)
Book Synopsis Bolivia: 2006 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia by : International Monetary Fund
Download or read book Bolivia: 2006 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bolivia written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-07-26 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. They commended the central bank for its monetary policy stance. They highlight the need to attain greater equity, transparency, and accountability underpinned by cautious macroeconomic policies. They underscored that Bolivia may face a competitive external environment for its nontraditional exports in the period ahead.
Book Synopsis Chile: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile by : International Monetary
Download or read book Chile: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile written by International Monetary and published by International Monetary Fund. This book was released on 2021-04-23 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chilean economy has been hit by the pandemic while recovering from the social unrest in late 2019, requiring substantial adjustment of economic policies and the appropriate use of existing policy buffers. Following a sharp decline in mid-2020, economic activity started recovering in 2020H2 in the wake of ample policy stimulus. Inflation remains near the policy target, with inflation expectations anchored, and the current account balance has improved amid a sharp drop in imports and relatively resilient exports. Fiscal and monetary policies remain guided by the structural fiscal balance rule and the inflation-targeting framework, respectively. Beyond the pandemic-related risks, there is uncertainty stemming from a series of elections and the outcome of a New Constitution process—scheduled to finish in mid-2022—which are expected to shape the public discourse and influence the policy agenda.
Book Synopsis Bolivia by : International Monetary Fund
Download or read book Bolivia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-15 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-balanced macroeconomic policies, accompanied by an improvement in terms of trade during recent years, have allowed Bolivia to achieve very positive macroeconomic results. The 2012 Article IV Consultation highlights that the outlook for 2012 is favorable and short-term downside risks are manageable. Real gross domestic product (GDP) is expected to continue growing at a fast pace, reflecting still high terms of trade and mildly expansionary policies. The external current account and the fiscal balance are expected to remain in surplus.
Book Synopsis El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador by : International Monetary
Download or read book El Salvador: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for El Salvador written by International Monetary and published by International Monetary Fund. This book was released on 2022-01-28 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513574604 Total Pages :73 pages Book Rating :4.5/5 (135 download)
Book Synopsis Colombia by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Colombia written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2021-03-23 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has taken a severe social and economic toll, including almost 60,000 deaths. With over 5 million jobs temporarily affected, Colombia recorded its largest recession on record. Since 2020H2, an uneven recovery with intermittent growth has been underway, led by private domestic demand. Staff expects only a gradual recovery in 2021 with economic activity not expected to return to pre-pandemic levels until the second half of 2022. Vaccinations began in February with plans to effectively cover the adult population. However, both external and domestic risks remain skewed to the downside.
