Bolivia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia

Author: International Monetary Fund. Western Hemisphere Dept.

2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bolivia

Volume/Issue: Volume 2021 Issue 180

Publication date: August 2021

ISBN: 9781513593050

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , IMF staff visit , government administration , U , S , dollar , health personnel , import substitution policy , one-off expenditure item , Public sector , Exchange rate flexibility , COVID-19 , Global , Caribbean

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Summary

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).