The World Bank in Bolivia: a Review

The World Bank In Bolivia

Bolivia is trying to cushion the effects generated by the COVID-19 pandemic and the fall in oil price. The recovery will require actions to secure stability, promote the private sector, and protect the most vulnerable.

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When the commodities boom ended, Bolivia relied on large public spending and increasing domestic credit to maintain strong economic growth despite the decline in gas export prices and volumes. These measures increased public debt and gradually reduced the macroeconomic buffers accumulated during the economic boom. Additionally, the deterioration of the international context reduced the pace of the reduction of poverty and inequality.

Currently, Bolivia is dealing with the global COVID-19 crisis. Officials have implemented several economic initiatives to protect the most vulnerable population, including cash transfers, the deferment of some tax payments, financial sector cred