ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Tuesday, June 17, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business

IMF Executive Board Concludes 2016 Article IV Consultation with Bolivia

The FINANCIAL by The FINANCIAL
December 23, 2016
in Business
Reading Time: 3 mins read
8
A A
0
IMF Executive Board Concludes 2016 Article IV Consultation with Bolivia
Share on FacebookShare on Twitter

The FINANCIAL — On December 9, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bolivia.

Boosted by the commodity boom, Bolivia has experienced substantial economic and social progress. Growth has been strong, averaging around 5 percent since 2006, and poverty has fallen by a third. During this time, the authorities built up sizable buffers and de-dollarized the financial system to a major extent. However, with Bolivia remaining one of the most commodity-dependent countries in the region, sharply lower commodity prices pose challenges to the implementation of the authorities’ development objectives laid out in their Patriotic Agenda 2025. To advance their plans, the authorities are using their policy buffers, with the sizable fiscal and external surpluses that prevailed over the past decade now turning to large twin deficits, according to IMF.

Real GDP growth is projected at 3.7 percent in 2016, which is still relatively strong by regional standards. A continued supportive fiscal policy and rapid credit growth linked to the Financial Services Law are buttressing activity and offsetting a major drought and temporary supply shocks in gas production. However, the fiscal and external current account deficits will remain wide. In the medium term, growth is expected to converge towards 3.5 percent, consistent with the new commodity price normal, amid persistent twin deficits. Risks to this outlook are tilted to the downside, with the potential for additional weakness in key emerging markets, further dollar strength, and a larger-than-expected impact of the drought. Longer-term uncertainties relate to future oil prices, the extent of natural gas discoveries and export contract renewals, and the possibility of an excessive credit growth volatility.

RelatedPosts

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Tips for Remodeling on a Budget

Insurers boost private assets allocations as capital increases

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

Executive Board Assessment

Executive Directors commended the Bolivian authorities for the sound macroeconomic management and poverty reduction during the past commodity boom. While slowing, real GDP growth is projected to remain robust in 2016, on the back of a sizable public investment program and strong credit growth. Looking ahead, Directors concurred that the outlook appears increasingly challenging, with risks tilted to the downside, owing to continued low commodity prices and growing fiscal and external imbalances. Given the still sizable buffers, they encouraged the authorities to plan a carefully measured approach to adjusting to the less favorable external environment.

See also  From Page to Experience

Directors underscored the risks arising from Bolivia’s large and widening fiscal deficits. They encouraged the authorities to improve the non-hydrocarbons primary balance through streamlining expenditures while increasing their efficiency. Directors recommended an early transition to a credible medium-term fiscal framework to continue to assure debt sustainability, while also accounting for the state of the business cycle and building cushions to absorb volatility in hydrocarbon prices. They advised the authorities to ensure the financial health of state-owned enterprises, exercise greater oversight of their activities, and strengthen the evaluation and transparency of their investments.

Directors stressed the merits of enhancing the independence of the central bank, and advised phasing out the central bank’s exposures to the state-owned enterprises to avoid potential conflicts with the commitment to price stability. Most Directors encouraged consideration of gradually permitting greater exchange rate flexibility, which along with structural reforms, would improve competitiveness, facilitate the adjustment to lower commodity prices, and protect against possible future external shocks.

Directors welcomed the overall soundness of the financial sector, and encouraged the authorities to address the growing vulnerabilities. They considered that the quotas and interest caps set under the Financial Services Law appear to be inducing banks to expand credit rapidly, which could lead to greater risks and undermine financial inclusion. Directors suggested that the authorities modify key provisions of the regulations to reduce distortions and avoid an unnecessary buildup of risk. They saw scope for the authorities to utilize more market-oriented mechanisms to achieve greater financial inclusion. 

Directors agreed that accelerating structural reforms and improving the business climate are central to improving medium-term growth prospects. They encouraged the authorities to improve incentives for hydrocarbons exploration, bring wages back in line with productivity, and address the severe water shortage. 

Directors praised the authorities for the significant declines in inequality and poverty achieved over the last decade, which should be preserved. They considered that better targeting and improved efficiency of social spending could help mitigate the negative impact of lower commodity prices on inequality and poverty.

 

Related Posts

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark
Business

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

by The FINANCIAL
June 17, 2025
0

The 33-story luxury tower served as the backdrop for an event celebrating union workforce development and economic opportunity for underserved...

Read more
Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

June 17, 2025
 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

June 17, 2025
Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

June 17, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Goga Samushia, Director of Commersant

Commersant to Launch New Multimedia Finance Project

June 14, 2025
Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

June 11, 2025
Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

How to Align Social Media with Your Overall Marketing Strategy

June 11, 2025
Leon Botstein’s Five-Decade Transformation at Bard College

Leon Botstein’s Five-Decade Transformation at Bard College

May 28, 2025
Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

June 17, 2025
Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

June 17, 2025
Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

June 17, 2025
 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

June 17, 2025
Whiting Man Sentenced for Hate Crimes

Sweden should address hate speech and risks of racial profiling

June 17, 2025
ADVERTISEMENT

Popular Last 24h

  • Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

    Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

    28 shares
    Share 11 Tweet 7
  • Commersant to Launch New Multimedia Finance Project

    64 shares
    Share 26 Tweet 16
  • Lockton Surprasses $4 Billion in FY2025 revenue

    22 shares
    Share 9 Tweet 6
  • Women-Led Businesses Continue To Grow in 2025

    34 shares
    Share 14 Tweet 9
  • Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

    16 shares
    Share 6 Tweet 4
  • Ampersand wins £22m five-year contract at London Zoo

    3635 shares
    Share 1454 Tweet 909
  • Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

    15 shares
    Share 6 Tweet 4

LATEST POSTS

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

June 17, 2025
Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

Mexico’s President Sheinbaum Responds to Potential Remittance Tax with Call to “Mobilize”

June 17, 2025
Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

June 17, 2025
 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

June 17, 2025
Whiting Man Sentenced for Hate Crimes

Sweden should address hate speech and risks of racial profiling

June 17, 2025
Emlyon business school and Ashoka France form a strategic partnership to train a new generation of entrepreneurs for change

Emlyon business school and Ashoka France form a strategic partnership to train a new generation of entrepreneurs for change

June 17, 2025
Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

June 17, 2025
Three employees killed as Israel attacks Iran’s state TV during live bulletin.

Three employees killed as Israel attacks Iran’s state TV during live bulletin.

June 17, 2025
Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

Looking For A New Property? Here Are 10 Things You Need To Consider During The Hunt

June 16, 2025
7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

June 16, 2025

LATESTBUSINESS

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

by The FINANCIAL
June 17, 2025
0

Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

by The FINANCIAL
June 17, 2025
0

 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

by The FINANCIAL
June 17, 2025
0

Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

by The FINANCIAL
June 17, 2025
0

7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

by The FINANCIAL
June 16, 2025
0

Mounting pressure beginning to drive progress for women in senior leadership

Women-Led Businesses Continue To Grow in 2025

by The FINANCIAL
June 16, 2025
0

REVAZ NATROSHVILI, CEO of Proservice

Proservice Launches Cloud Solutions, Expanding Infrastructure with Innovations

by Golden Brand
June 14, 2025
0

ROLAND ERADZE, Founder of Bona Georgia

Bona Georgia Expands with New Showroom and Innovations in Floor Care

by Golden Brand
June 14, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.