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Western Hemisphere > Argentina

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Gas industry x
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Cover IMF Working Papers
Bolivia: The Hydrocarbons Boom and the Risk of Dutch Disease
Mr. Eugenio M Cerutti
and
Mr. Mario Mansilla
The hydrocarbons sector has become one of the most dynamic economic activities in the Bolivian economy and the main driver of improved export performance and international reserve accumulation. The central role of the hydrocarbons sector in the economy is attributable to the high levels of investment made in the late 1990s, which permitted much higher production levels, particularly of natural gas. However those positive developments in the hydrocarbons sector have given rise to the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher gas exports, especially in terms of lower external vulnerability and improved fiscal stance, the new resources could also limit the development of other economic sectors in terms of output and factor income. This paper explores the transmission channels of Dutch disease, as well as its main symptom, the appreciation of the real exchange rate
Keywords:
WP; government; price; effect; export; YPFB
Cover IMF Staff Country Reports
Bolivia: Selected Issues
International Monetary Fund
This Selected Issues paper on Bolivia reports that it has experienced major increases in its gas reserves, production, and exports. Not only have their levels increased significantly, but also there have been extensive regulatory changes, which range from the privatization of the mid-1990s to the increase in the government’s tax take from the hydrocarbons industry. The government has reached new agreements with foreign oil companies that will allow foreign companies to continue recovering part of their old investments.
Keywords:
ISCR; CR; Bolivia; taxpayer; U.S. dollar; Nonhydrocarbons GDP; appreciation pressure; crawling peg; inflation-indexed bond; market paper; Real exchange rates; Value-added tax; Natural gas sector; Corporate income tax; South America; Global
Cover IMF Staff Country Reports
Bolivia: Selected Issues
International Monetary Fund
This paper analyzes Bolivia’s growth performance with a focus on the regional and sectoral patterns of growth, and examines the sources of growth. It discusses the evolution of the hydrocarbon sector, its importance in the economy, and reforms. It also analyzes the intergovernmental fiscal relations system and changes to the revenue sharing arrangements, and suggests possible areas for reform. It assesses measures of reserve adequacy in Bolivia and also provides a look at the external debt after the applications of the main debt relief plans in the past 10 years.
Keywords:
ISCR; CR; Bolivia; export; government; terms of trade shock; growth performance; GFMIS system; soy product export; FX deposit; major debt relief initiative; Exports; Natural gas sector; International reserves; Exchange rate arrangements; South America; Global; Africa
Cover IMF Staff Country Reports
Bolivia: Staff Report for the 2006 Article IV Consultation
International Monetary Fund
Despite good economic reforms, macroeconomic stability, and a major expansion of the hydrocarbon sector, Bolivia still achieved only modest gains in poverty reduction. Executive Directors stressed the importance of fiscal prudence, domestic taxation, and strengthening of public expenditure management to ensure fiscal sustainability. They commended the central bank for its monetary policy stance. They highlight the need to attain greater equity, transparency, and accountability underpinned by cautious macroeconomic policies. They underscored that Bolivia may face a competitive external environment for its nontraditional exports in the period ahead.
Keywords:
ISCR; CR; state; Bolivian authorities; authority; state oil company; managed float regime; governments of Bolivia; authorities' objective; Policy approach; Natural gas sector; International reserves; Public sector; Credit; Global
Cover Finance & Development
Finance & Development, June 1986
International Monetary Fund. External Relations Dept.
The global trade negotiations and use of fiscal measures to stimulate savings in developing countries are discussed. The four main elements of the global trading system likely to be at issue in the new round include nondiscrimination and the distinction between border and nonborder measures. Capital markets in developing countries are small, and the scope for diversification of financial institutions and financial instruments or assets is limited. The distinction between border and nonborder measures is blurred in the increased international concern with so-called unfair trade practices.
Keywords:
FD; F&D; market; interest rate; value; country; price; budget deficit-interest rate connection; textbook free trade; trade theory; value of the currency; currency price; Real interest rates; Natural gas sector; Oil; General Agreement on Tariffs and Trade; Oil prices; Global; Sub-Saharan Africa; West Africa; Africa; Eastern Europe; Asia and Pacific