La Paz, Jan 9,
Bolivia will lead again 2019 economic growth in South America, with an expansion of 4.3 percent of its Gross Domestic Product (GDP), local media highlight Wednesday.
The data released by the Bolivian Information Agency are based on the World Bank's latest report, entitled World Economic Outlook January 2019.
According to the document, this nation will maintain the position reached in 2018, when it closed with an economic growth of 4.7 percent, also the highest in the region.
It is expected to be followed by Paraguay (3.9 percent), Peru (3.8 percent) and Chile (3.5 percent), while they warned that the Argentine and Venezuelan economies will decline by -1.7 percent and -8.0 percent, respectively.
The International Monetary Fund recognized in July 2018 the successful economic policies implemented by Evo Morales' government during the 12th Theotonio dos Santos Monetary Day, hosted by the Central Bank of Bolivia and held in La Paz.
'Bolivia successfully reduced de-dollarization' , said IMF chief economist Etibar Jafarov, who added that it had also been made possible by the use of macro-potential measures.
Official data indicate that in 2005 the dollar's share of the credit portfolio was 92.5 percent and 7.5 percent in Bolivianos, while until June 2018, 98 percent of the credits were in national currency and only 1.9 percent in dollars.
Bolivia reached the highest GDP growth rates in South America in 2009 with 3.4 percent and in 2017, the percentage was 4.2 percent, which consolidates the state' s strength, according to data from the Ministry of Economy, published in the document 12 years of stability with the highest growth in the region.
According to the document, this nation will maintain the position reached in 2018, when it closed with an economic growth of 4.7 percent, also the highest in the region.
It is expected to be followed by Paraguay (3.9 percent), Peru (3.8 percent) and Chile (3.5 percent), while they warned that the Argentine and Venezuelan economies will decline by -1.7 percent and -8.0 percent, respectively.
The International Monetary Fund recognized in July 2018 the successful economic policies implemented by Evo Morales' government during the 12th Theotonio dos Santos Monetary Day, hosted by the Central Bank of Bolivia and held in La Paz.
'Bolivia successfully reduced de-dollarization' , said IMF chief economist Etibar Jafarov, who added that it had also been made possible by the use of macro-potential measures.
Official data indicate that in 2005 the dollar's share of the credit portfolio was 92.5 percent and 7.5 percent in Bolivianos, while until June 2018, 98 percent of the credits were in national currency and only 1.9 percent in dollars.
Bolivia reached the highest GDP growth rates in South America in 2009 with 3.4 percent and in 2017, the percentage was 4.2 percent, which consolidates the state' s strength, according to data from the Ministry of Economy, published in the document 12 years of stability with the highest growth in the region.
Source: Prensa Latina