Sunday, January 31, 2010

IMF Projects 4% for Bolivia in 2010

 The International Monetary Fund (IMF) has predicted a 4% rise in Bolivia's GDP for 2010 largely thanks
to government investments and increased exports according to a January 21 study. The IMF projected that Bolivia will surpass its 2009 GDP growth of 3.3% to reach 4% in 2010. The Bolivian government has estimated 2010 growt at between 4.5% and 5.5% for 2010.  The IMF predicted that Bolivia's international currency reserves will grow to 9.257 million dollars, some 690 million more than its total at the end of 2009.  The IMF's directors applauded Bolivia for its impressive macroeconomic performance during the 2009 crisis, one of the best results in Latin America. The IMF cited a need to improve public-private sector relations and to increase investor confidence in Bolivia along with better judicial and institutional organization. The IMF report concluded that Bolivia's fiscal policy should keep their ratio of debt low in 2010.  The Minister of Finance and Economy said to the press, "Once again, an international organization like the IMF has announced good economic policy in 2009, strengthening the fiscal, external, internal consumption and banking sectors and it augers favorably for 2010."

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