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LatinNews Regional Monitor: Andean Group - 23 August 2018
In brief: Bolivia
Bolivia: A local private sector lobby, IBCE, has released a new report which shows that Bolivia’s net international reserves (RIN) dropped to US$9.17bn in August (equivalent to 27% of GDP) down from US$15bn at its peak in 2014 (when it was equivalent to 45% of GDP). The IBCE report attributes the fall to the trade deficit which has grown in recent years, reaching US$1.30bn in 2017, up 1.2% on the trade deficit registered in 2016.
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