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Bolivia: Second Review Under the Stand-By Arrangement and Request for Waiver of Applicability and Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bolivia
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 005
Language:
English
Publication Date:
14 Jan 2004
DOI:
https://doi.org/10.5089/9781451805703.002
ISBN:
9781451805703
ISSN:
1934-7685
Pages:
53
Keywords:
ISCR; CR; CPI inflation rate; September; financial system deposit; lender of last resort facilities; deficit; tax regularization scheme; reform agenda; Exports; Commercial banks; Tax law; North America
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Bolivia’s pursuit of structural reforms has begun to yield results despite the difficult social and political context. The fiscal performance under the program needs to be substantially strengthened. The recent passage of the informal corporate workout law represents a substantial advance in financial and corporate restructuring. Executive Directors are in agreement with the government on the approach to reduce banking system fragility. To sustain economic growth, the pace of structural reforms has to be invigorated. Firm implementation of the program can achieve its goals.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund