International Monetary Fund. Western Hemisphere Dept.
INTERNATIONAL MONETARY FUND
This 2013 Article IV Consultation highlights that good macroeconomic performance and active social policies since the mid-2000s have helped Bolivia to nearly triple income per capita and reduce poverty. The economy benefited from high international commodity prices and rising volumes of natural gas exports. Coupled with twin surpluses in the fiscal and external accounts, net international reserves have increased to almost 50 percent of GDP. Real GDP growth is projected at 6.7 percent in 2013, the highest growth rate of the last 30 years, supported by soaring hydrocarbon exports, strong private consumption, and accommodative macroeconomic policies.