Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors
Bolivia benefited from an overall favorable economic evolution in the last few years, supported by sound macro-economic indicators. Yet, economic growth was unevenly distributed between the sectors, with particularly extractive industries, construc...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2011/12/18403127/bolivia-assessing-sectors-potential-role-fostering-rural-development-growth-productive-sectors-financial-sector-notes http://hdl.handle.net/10986/16769 |
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okr-10986-16769 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS POINTS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCESS TO LOANS ACCESS TO PAYMENT ADMINISTRATIVE BURDEN AFFORDABILITY AGRARIAN REFORM BALANCE SHEET BANK BRANCH BANK BRANCH NETWORKS BANK DEPOSIT BANK DEPOSITS BANKING ACCOUNTS BANKING SYSTEM BANKRUPTCIES BANKS BARRIERS TO GROWTH BORROWER BRANCH NETWORK BUSINESS RELATIONS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAPITAL REQUIREMENTS CASH TRANSFERS CENTRAL BANK CHECKING ACCOUNT CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CREDIT CONSUMER PROTECTION COOPERATIVES CREDIT APPRAISAL CREDIT BUREAU CREDIT BUREAUS CREDIT CARDS CREDIT GROWTH CREDIT GUARANTEE CREDIT GUARANTEES CREDIT INSTITUTIONS CREDIT MARKET CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CROP INSURANCE CURRENT ACCOUNT CURRENT ACCOUNTS DEBIT CARDS DEBT DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSIT VOLUME DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT BANK DIVERSIFICATION E-COMMERCE EARNINGS ECONOMIC GROWTH ECONOMIC SYSTEM ECONOMIES OF SCALE ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EQUALITY EXCHANGE RATE FACILITATION FINANCE COMPANIES FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEPTH FINANCIAL EDUCATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENTS FORMAL ECONOMY FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FORMS OF COLLATERAL FUNDING SOURCES GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GRANT FUNDING GROSS SETTLEMENT SYSTEM GUARANTEE SCHEMES HOUSEHOLDS HOUSING LOANS INCOME CATEGORY INCOME LEVEL INCOME LEVELS INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION ON ENTERPRISES INFORMATION SYSTEMS INSTITUTIONAL REFORMS INTEREST RATE INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCING LACK OF COLLATERAL LAND AS COLLATERAL LAND MARKET LAND OWNERSHIP LAND RIGHTS LEGAL FRAMEWORK LENDING INTEREST RATES LENDING TECHNIQUES LEVEL OF INTEREST RATES LEVEL PLAYING FIELD LINES OF CREDIT LIQUID ASSETS LIQUIDITY LOAN LOAN AMOUNTS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRODUCTS LOAN SIZE LOW INTEREST RATES MARKET ACCESS MARKET DEVELOPMENT MARKET SHARES MFI MICRO ENTREPRENEURS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENTS MOBILE PHONE MONETARY POLICY MORAL SUASION MORTGAGE MORTGAGE LOANS MOVABLE ASSETS MOVABLE COLLATERAL NON-PERFORMING LOANS OUTREACH PARTIAL CREDIT PAYMENT HISTORY PAYMENT INFRASTRUCTURE PAYMENT SERVICES PAYMENT SYSTEM PENETRATION RATES PENSION FUNDS PENSIONS PLEDGE COLLATERAL POINT OF SALE POINT OF SALES PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROFITABILITY PROPERTY RIGHTS PROTECTION MEASURES PROVISION OF CREDIT PUBLIC BANK PUBLIC BANKS RATES OF RETURN REAL ESTATE REAL ESTATE AS COLLATERAL REGULATORY FRAMEWORK REMITTANCES REPAYMENT RESERVE REQUIREMENTS RESTRICTIONS ON COLLATERAL RISK MANAGEMENT RURAL BUSINESSES RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS SERVICES SETTLEMENT SMALL BORROWERS SMALL ENTERPRISES SMALL FARMERS SOURCE OF INCOME SOURCES OF INCOME START-UP START-UP COSTS SUPPLY OF CREDIT TAX INCENTIVES TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION UNREGULATED FINANCIAL INSTITUTIONS URBAN AREAS VILLAGES VOLATILE INCOME WORKING CAPITAL |
| spellingShingle |
ACCESS POINTS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCESS TO LOANS ACCESS TO PAYMENT ADMINISTRATIVE BURDEN AFFORDABILITY AGRARIAN REFORM BALANCE SHEET BANK BRANCH BANK BRANCH NETWORKS BANK DEPOSIT BANK DEPOSITS BANKING ACCOUNTS BANKING SYSTEM BANKRUPTCIES BANKS BARRIERS TO GROWTH BORROWER BRANCH NETWORK BUSINESS RELATIONS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAPITAL REQUIREMENTS CASH TRANSFERS CENTRAL BANK CHECKING ACCOUNT CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CREDIT CONSUMER PROTECTION COOPERATIVES CREDIT APPRAISAL CREDIT BUREAU CREDIT BUREAUS CREDIT CARDS CREDIT GROWTH CREDIT GUARANTEE CREDIT GUARANTEES CREDIT INSTITUTIONS CREDIT MARKET CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CROP INSURANCE CURRENT ACCOUNT CURRENT ACCOUNTS DEBIT CARDS DEBT DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSIT VOLUME DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT BANK DIVERSIFICATION E-COMMERCE EARNINGS ECONOMIC GROWTH ECONOMIC SYSTEM ECONOMIES OF SCALE ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EQUALITY EXCHANGE RATE FACILITATION FINANCE COMPANIES FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEPTH FINANCIAL EDUCATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENTS FORMAL ECONOMY FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FORMS OF COLLATERAL FUNDING SOURCES GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GRANT FUNDING GROSS SETTLEMENT SYSTEM GUARANTEE SCHEMES HOUSEHOLDS HOUSING LOANS INCOME CATEGORY INCOME LEVEL INCOME LEVELS INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION ON ENTERPRISES INFORMATION SYSTEMS INSTITUTIONAL REFORMS INTEREST RATE INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCING LACK OF COLLATERAL LAND AS COLLATERAL LAND MARKET LAND OWNERSHIP LAND RIGHTS LEGAL FRAMEWORK LENDING INTEREST RATES LENDING TECHNIQUES LEVEL OF INTEREST RATES LEVEL PLAYING FIELD LINES OF CREDIT LIQUID ASSETS LIQUIDITY LOAN LOAN AMOUNTS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRODUCTS LOAN SIZE LOW INTEREST RATES MARKET ACCESS MARKET DEVELOPMENT MARKET SHARES MFI MICRO ENTREPRENEURS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENTS MOBILE PHONE MONETARY POLICY MORAL SUASION MORTGAGE MORTGAGE LOANS MOVABLE ASSETS MOVABLE COLLATERAL NON-PERFORMING LOANS OUTREACH PARTIAL CREDIT PAYMENT HISTORY PAYMENT INFRASTRUCTURE PAYMENT SERVICES PAYMENT SYSTEM PENETRATION RATES PENSION FUNDS PENSIONS PLEDGE COLLATERAL POINT OF SALE POINT OF SALES PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROFITABILITY PROPERTY RIGHTS PROTECTION MEASURES PROVISION OF CREDIT PUBLIC BANK PUBLIC BANKS RATES OF RETURN REAL ESTATE REAL ESTATE AS COLLATERAL REGULATORY FRAMEWORK REMITTANCES REPAYMENT RESERVE REQUIREMENTS RESTRICTIONS ON COLLATERAL RISK MANAGEMENT RURAL BUSINESSES RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS SERVICES SETTLEMENT SMALL BORROWERS SMALL ENTERPRISES SMALL FARMERS SOURCE OF INCOME SOURCES OF INCOME START-UP START-UP COSTS SUPPLY OF CREDIT TAX INCENTIVES TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION UNREGULATED FINANCIAL INSTITUTIONS URBAN AREAS VILLAGES VOLATILE INCOME WORKING CAPITAL World Bank Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| geographic_facet |
Latin America & Caribbean Bolivia |
| description |
Bolivia benefited from an overall
favorable economic evolution in the last few years,
supported by sound macro-economic indicators. Yet, economic
growth was unevenly distributed between the sectors, with
particularly extractive industries, construction and
financial services showing higher real growth rates, while
agriculture and manufacturing fell behind. This is an area
of concern for the government which-as manifested in the new
constitution-aims to foster a more balanced and equitable
growth. In its reform measures, it places a particular focus
on developing the rural areas, in which a large share of the
indigenous population lives, and on the productive sector
(agriculture, forestry, manufacturing and extractive), which
provides the livelihood for a substantial number of poor
people. This paper aims to contribute to the discussion and
on-going reform efforts by providing an evaluation of the
role the financial system could play for enhancing growth in
rural areas and the productive sector without threatening
the sector's stability. It also endeavors to update the
Bank's knowledge on the financial sector, assess its
current role and recent developments, and determine possible
vulnerabilities as well as core bottlenecks for the outreach
to underserved segments of the population and economy.
However, the government needs to strike a fine balance in
its policy measures to foster outreach and credit in order
to not unduly lower the profitability in the financial
sector, jeopardize the quality of the loan portfolio and as
a result introduce vulnerability in an otherwise sound
system. In particular, the strong push towards financing of
the productive sector at comparatively low interest rates,
can lead to over-indebtedness of the clients or a
deterioration of the repayment culture, if lending
institutions expanding their loan portfolios do not maintain
(or introduce) prudent lending |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| title_short |
Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| title_full |
Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| title_fullStr |
Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| title_full_unstemmed |
Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors |
| title_sort |
bolivia financial sector notes : assessing the sector's potential role in fostering rural development and growth of the productive sectors |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2011/12/18403127/bolivia-assessing-sectors-potential-role-fostering-rural-development-growth-productive-sectors-financial-sector-notes http://hdl.handle.net/10986/16769 |
| _version_ |
1764434430527537152 |
| spelling |
okr-10986-167692021-04-23T14:03:31Z Bolivia Financial Sector Notes : Assessing the Sector's Potential Role in Fostering Rural Development and Growth of the Productive Sectors World Bank ACCESS POINTS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCESS TO LOANS ACCESS TO PAYMENT ADMINISTRATIVE BURDEN AFFORDABILITY AGRARIAN REFORM BALANCE SHEET BANK BRANCH BANK BRANCH NETWORKS BANK DEPOSIT BANK DEPOSITS BANKING ACCOUNTS BANKING SYSTEM BANKRUPTCIES BANKS BARRIERS TO GROWTH BORROWER BRANCH NETWORK BUSINESS RELATIONS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAPITAL REQUIREMENTS CASH TRANSFERS CENTRAL BANK CHECKING ACCOUNT CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKING COMMERCIAL BANKS CONSUMER CREDIT CONSUMER PROTECTION COOPERATIVES CREDIT APPRAISAL CREDIT BUREAU CREDIT BUREAUS CREDIT CARDS CREDIT GROWTH CREDIT GUARANTEE CREDIT GUARANTEES CREDIT INSTITUTIONS CREDIT MARKET CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RISK CREDIT RISKS CREDITOR CREDITORS CREDITS CROP INSURANCE CURRENT ACCOUNT CURRENT ACCOUNTS DEBIT CARDS DEBT DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSIT VOLUME DEPOSITOR DEPOSITORS DEPOSITS DEVELOPMENT BANK DIVERSIFICATION E-COMMERCE EARNINGS ECONOMIC GROWTH ECONOMIC SYSTEM ECONOMIES OF SCALE ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EQUALITY EXCHANGE RATE FACILITATION FINANCE COMPANIES FINANCE COMPANY FINANCIAL ACCESS FINANCIAL DEPTH FINANCIAL EDUCATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENTS FORMAL ECONOMY FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FORMS OF COLLATERAL FUNDING SOURCES GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GRANT FUNDING GROSS SETTLEMENT SYSTEM GUARANTEE SCHEMES HOUSEHOLDS HOUSING LOANS INCOME CATEGORY INCOME LEVEL INCOME LEVELS INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION ON ENTERPRISES INFORMATION SYSTEMS INSTITUTIONAL REFORMS INTEREST RATE INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCING LACK OF COLLATERAL LAND AS COLLATERAL LAND MARKET LAND OWNERSHIP LAND RIGHTS LEGAL FRAMEWORK LENDING INTEREST RATES LENDING TECHNIQUES LEVEL OF INTEREST RATES LEVEL PLAYING FIELD LINES OF CREDIT LIQUID ASSETS LIQUIDITY LOAN LOAN AMOUNTS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRODUCTS LOAN SIZE LOW INTEREST RATES MARKET ACCESS MARKET DEVELOPMENT MARKET SHARES MFI MICRO ENTREPRENEURS MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE SECTOR MINIMUM CAPITAL REQUIREMENTS MOBILE PHONE MONETARY POLICY MORAL SUASION MORTGAGE MORTGAGE LOANS MOVABLE ASSETS MOVABLE COLLATERAL NON-PERFORMING LOANS OUTREACH PARTIAL CREDIT PAYMENT HISTORY PAYMENT INFRASTRUCTURE PAYMENT SERVICES PAYMENT SYSTEM PENETRATION RATES PENSION FUNDS PENSIONS PLEDGE COLLATERAL POINT OF SALE POINT OF SALES PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROFITABILITY PROPERTY RIGHTS PROTECTION MEASURES PROVISION OF CREDIT PUBLIC BANK PUBLIC BANKS RATES OF RETURN REAL ESTATE REAL ESTATE AS COLLATERAL REGULATORY FRAMEWORK REMITTANCES REPAYMENT RESERVE REQUIREMENTS RESTRICTIONS ON COLLATERAL RISK MANAGEMENT RURAL BUSINESSES RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS SERVICES SETTLEMENT SMALL BORROWERS SMALL ENTERPRISES SMALL FARMERS SOURCE OF INCOME SOURCES OF INCOME START-UP START-UP COSTS SUPPLY OF CREDIT TAX INCENTIVES TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION UNREGULATED FINANCIAL INSTITUTIONS URBAN AREAS VILLAGES VOLATILE INCOME WORKING CAPITAL Bolivia benefited from an overall favorable economic evolution in the last few years, supported by sound macro-economic indicators. Yet, economic growth was unevenly distributed between the sectors, with particularly extractive industries, construction and financial services showing higher real growth rates, while agriculture and manufacturing fell behind. This is an area of concern for the government which-as manifested in the new constitution-aims to foster a more balanced and equitable growth. In its reform measures, it places a particular focus on developing the rural areas, in which a large share of the indigenous population lives, and on the productive sector (agriculture, forestry, manufacturing and extractive), which provides the livelihood for a substantial number of poor people. This paper aims to contribute to the discussion and on-going reform efforts by providing an evaluation of the role the financial system could play for enhancing growth in rural areas and the productive sector without threatening the sector's stability. It also endeavors to update the Bank's knowledge on the financial sector, assess its current role and recent developments, and determine possible vulnerabilities as well as core bottlenecks for the outreach to underserved segments of the population and economy. However, the government needs to strike a fine balance in its policy measures to foster outreach and credit in order to not unduly lower the profitability in the financial sector, jeopardize the quality of the loan portfolio and as a result introduce vulnerability in an otherwise sound system. In particular, the strong push towards financing of the productive sector at comparatively low interest rates, can lead to over-indebtedness of the clients or a deterioration of the repayment culture, if lending institutions expanding their loan portfolios do not maintain (or introduce) prudent lending 2014-01-31T19:26:10Z 2014-01-31T19:26:10Z 2011-12 http://documents.worldbank.org/curated/en/2011/12/18403127/bolivia-assessing-sectors-potential-role-fostering-rural-development-growth-productive-sectors-financial-sector-notes http://hdl.handle.net/10986/16769 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Latin America & Caribbean Bolivia |