El Diario reports: Bolivia must diversify its economy and production • Representatives and experts from the World Bank, IDB, CAF and ECLAC, meeting at the Government Palace, recommended to the national authorities to take prudential measures in economic issues, in addition to seeking other options in the international oil crisis and to evaluate issues of…
Tag: macroeconomics
Bolivian Economics 101: Low inflation in 2015
Armando Mendez writes in El Diario: Low inflation in 2015 Without doubt, a remarkable fact of the behavior of the Bolivian economy during year 2015 was the low rate of inflation, measured by the Consumer Price Index (CPI), published monthly by the National Statistics Institute. The year ended with an annual rate of 3%, while…
There is no credibility over current Bolivian gov’s growth projections
El Diario reports: Annual growth of 5.8%: Former President of the BCB doubts official projections The former president of the Central Bank of Bolivia (BCB), Armando Mendez, put into question the government’s economic growth projections for the next five years and said it would be an “incredible achievement” to grow 5.8% on average over the…
Bolivia Faces Challenge of Adapting to Lower Commodity Prices
From the International Monetary Fund: ANNUAL HEALTH CHECK Bolivia Faces Challenge of Adapting to Lower Commodity Prices By Sumiko Ogawa IMF Western Hemisphere Department December 18, 2015 Real GDP growth to slow to 4.1 percent in 2015 but remains high for the region Large buffers should enable necessary fiscal, external adjustments in a gradual way…
International reserves with the downward trend
El Diario reports: International reserves with the downward trend Net international reserves remain on a downward trend, according to a report of the Central Bank of Bolivia (BCB) which reveals that on November 20, it has been reached $13,710 million dollars, to October was in $13.967 million dollars, still it differs $257 million. Another adverse…
Effects of falling prices in Bolivia
Fundación Milenio reports: Effects of falling prices in Bolivia It is a historic event, the Bolivia dependence on prices of raw materials, today oil as it determines the selling price of natural gas, the main export product that contributes to 49 percent of the total. One of the main disadvantages of this dependence is that…
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