| Description |
1 online resource : color illustrations |
| Series |
IMF country report ; no. 09/27 |
|
IMF country report ; no. 09/27.
|
| Summary |
1. In recent years, Bolivia experienced an export boom led by the hydrocarbons and mining sectors, which supported an improvement in the growth performance and a strengthening of the external and fiscal positions, but inflation accelerated and investment remained low in the context of persistent political tensions. The rise in export prices through mid-2008 led to exceptionally high external current account surpluses and reserve accumulation. Changes in the hydrocarbons taxation regime in 2005-06 further boosted fiscal revenue, shifting the public sector accounts from deficits into substantial surpluses. External surpluses fueled demand pressures, which-combined with increases in food prices-caused inflation to rise to double digits in 2007-08. As part of its policy response, the central bank gradually allowed the Boliviano to appreciate, which contributed to a significant reduction in deposit dollarization. However, despite the predominantly positive trends, the adverse investment climate resulting from political tensions and lingering uncertainty about property rights has contributed to keep private investment rates among the lowest in the region |
| Notes |
Title from title screen (IMF, viewed on November 24, 2009) |
|
"January 2009." |
| Bibliography |
Includes bibliographical references |
| SUBJECT |
Bolivia. http://id.loc.gov/authorities/names/n79066590
|
| Subject |
Bolivia
|
| Form |
Electronic book
|
| Author |
International Monetary Fund.
|
| ISBN |
1280885904 |
|
9781280885907 |
|
9781451805857 |
|
1451805853 |
|
