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The medium-term policy for fiscal sustainability in Bolivia

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Frame of Image epublic of Korea Korea Development Institute (KDI) The Government of the Plurinational State of Bolivia Vice Ministry of Fiscal Accounting and Budget, The Ministry of Economy and Public Finance, Bolivia MoonJoong Tcha, Executive Director, Center for International Development (CID), KDI Taihee Lee, Director, Division of KSP Consultation, CID, KDI Nahyun Kim, Research Associate, Division of KSP Analysis and Evaluation, CID, KDI Suji Kim, Research Associate, Market Economy Research Institute Sung Ik Cho, Adjunct Senior Fellow, Market Economy Research Institute Young Ju Kim, Former Minister of Commerce and Industry, Republic of Korea Chapter 1: Jaehoon Lee, Research Fellow, Market Economy Research Institute Chapter 2: Deockhyun Ryu, Professor, Chung-Ang University Chapter 3: Yun Ho Chung, Research Fellow, Market Economy Research Institute Chapter 4: Jaehoon Lee, Research Fellow, Market Economy Research Institute Chapter 5: Jaehoon Lee, Research Fellow, Market Economy Research Institute Annette St. Onge and Joonhyun An
Prepared for In cooperation with Program Directors
Program Officers
Project Manager Project Advisor Authors
English Editors
Spanish Translation Done by
Pedro Américo Castillo Aranda
Government Publications Registration Number 11-1051000-000265-01 ISBN 978-89-8063-629-7 94320 ISBN 978-89-8063-657-0 (set)
Copyright ⓒ 2012 by Ministry of Strategy and Finance, the Republic of Korea
Government Publications Registration Number 11-1051000-000265-01
Knowledge Sharing Progra


Full Text
Title The medium-term policy for fiscal sustainability in Bolivia
Similar Titles
Material Type Reports
Author(English)

Lee, JaeHoon; Ryu, Deockhyun; Chung, Yunho

Publisher

Seoul:Korea Development Institute

Date 2012
Series Title; No Knowledge Sharing Program
ISBN 978-89-8063-629-7; 978-89-8063-657-0 (set)
Pages 307
Subject Country Bolivia(Americas)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding Korea Development Institute
Recipient Country Bolivia(Americas)
Donor Country South Korea(Asia and Pacific)
Supervisor Korea Development Institute
Organizer Korea Development Institute
Sponsor Ministry of Strategy and Finance

Abstract

In recent years, Bolivia has demonstrated strong macro-economic stability, and in spite of the global financial crisis, Bolivia has been posting strong growth. Compared to the average growth of 3.1 per cent in the period 2001-05, the period 2006-10 recorded 4.6 per cent. Inflation was contained relatively well even in the middle of the global financial crisis. The trade balance has turned favourably since 2004 and the international reserves, by the end of 2011, grew to approximately US$12.03 billion. Since 2008, exchange rates have been stable. Public investment has also increased. Urban unemployment was contained at a 5.7 per cent level in 2010. The level of poverty is also abating. (The rest omitted)