September 9, 2016
We expect Bolivia’s economy will have the highest economic growth in South America for the third consecutive year. Not only is it our prediction, but the World Bank and IMF also make the same forecast.
Bolivia, like many countries in the region, has been suffering from the El Niño weather phenomenon this year. We’ve seen Peru also affected with heavy rains. We’ve also been impacted by a drought, which is being felt in the agricultural sector. So while initially we believed the economy would grow by 5% this year, I think we’re now looking at growth of 4.8%.
The national government has been trying to help the agricultural sector by providing credit that we hope will help provide a boost in
A strategy of fostering local demand has put Bolivia on course for another year of strong growth, says Luis Alberto Arce