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Bolivia: Selected Issues

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  • International Monetary Fund

Abstract

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign assets stemmed primarily from a persistent current account surplus, in the context of a crawling peg exchange rate regime. Large current account surpluses followed from major terms of trade improvement after the sharp increase in Bolivia’s key export commodity prices during the period 2004–08.

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  • International Monetary Fund, 2010. "Bolivia: Selected Issues," IMF Staff Country Reports 2010/029, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/029
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    References listed on IDEAS

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    1. International Monetary Fund, 2007. "Bolivia: Selected Issues," IMF Staff Country Reports 2007/249, International Monetary Fund.
    2. Mr. Mauricio Villafuerte & Mr. Rolando Ossowski & Mr. Theo Thomas & Mr. Paulo A Medas, 2008. "Managing the Oil Revenue Boom: The Role of Fiscal Institutions," IMF Occasional Papers 2008/003, International Monetary Fund.
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    Cited by:

    1. Stan du Plessis, 2011. "Nationalising South African mines: Back to a prosperous future, or down a rabbit hole?," Working Papers 17/2011, Stellenbosch University, Department of Economics.

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