Bolivia: Fifth Review under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criteria, Rephasing, Augmentation and Extension of the Stand-By Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 146

Publication date: April 2005

ISBN: 9781451805789

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , staff assessment , government , policy development , Executive Board's discussion , SDR , unviable bill , Bolivian authorities , authorities' priority , Government debt management , Exports , Credit , Global , North America

Also of interest

Nepal

Peru

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper discusses Bolivia’s Fifth Review Under the Stand-By Arrangement (SBA), Request for Waiver of Nonobservance of Performance Criteria (PC), and Rephasing, Augmentation, and Extension of the SBA. The 2004 program was on track. All quantitative PCs were met, with the exception of the end-September PC on central bank credit to the nonfinancial public sector. Macroeconomic developments have been positive, largely reflecting the favorable global environment, although the economy is still vulnerable. Real GDP growth is estimated to have reached 3¾ percent in 2004, and is projected to reach 4.5 percent in 2005.