Bolivia

With inflation at its lowest level since 1975 (6.7%), the growth rate of the Bolivian economy exceeded 4% in 1997, but the external and fiscal deficits, mostly financed with external resources, widened considerably. Monetary and fiscal policy remained subordinate to the priority objective of consolidating macroeconomic stability. Supported by the flow of foreign capital, investment was as high as 19% of GDP, an increase linked to the privatization (capitalization) of public enterprises, thereby giving effect to one of the main goals of the outgoing Government. In accordance with the agreement on heavily indebted poor countries concluded with multilateral financing organizations, Bolivia's external debt was reduced by more than US$ 500 million over a period of 10 years. This debt reduction entails a commitment by the State to expand considerably its investments in education and health.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions