The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation

As the result of past investments in gas and mining sectors and high world commodity prices, the Bolivian economy grew considerably during the last seven years. Prudent macroeconomic policies and high taxes on hydrocarbon revenues led to a signific...

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Main Author:	Independent Evaluation Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	EXTERNAL AUDITORS EMPLOYMENT FINANCIAL SERVICES REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT ACCOUNTING ENVIRONMENTAL DEGRADATION LIQUIDATION FINANCIAL MANAGEMENT AUTONOMY INTEREST FACTORING HEALTH EXPENDITURES LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT LOCAL GOVERNMENTS STRATEGIES RESOURCE ALLOCATION WATER SUPPLY SERVICES TAX COLLECTION REVENUES FISCAL POLICY PROJECTS ECONOMIC STABILITY SAVING INFLATION LAND PRICES AUDITS MUNICIPALITIES SAFETY NETS MACROECONOMIC STABILITY PRESENT VALUE PUBLIC POLICY SAVINGS LOAN DOCUMENTATION TECHNICAL ASSISTANCE TRANSPORT PRODUCTIVITY NATURAL RESOURCE EXPLOITATION MIGRATION MUNICIPAL GOVERNMENTS TRANSFERS FINANCIAL LEASING FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS LOCAL GOVERNMENT DEFICITS LEGISLATION LABOR LOANS ENTERPRISES NATURAL RESOURCES TRUST FUNDS REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES LAND USE EFFECTIVE USE BANKS RESOURCES OPERATING EFFICIENCY EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES CAPITAL WAGES ENVIRONMENTAL POLICY AUDITORS SOCIAL SERVICES DOMESTIC LIQUIDITY DECENTRALIZATION PROCESS PUBLIC POLICIES VALUE BANK CREDIT CAPITALIZATION PUBLIC EXPENDITURES PROPERTY DECISION MAKING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE MONETARY POLICIES URBAN DEVELOPMENT ECONOMICS TERMS OF TRADE PUBLIC DEBT SUBSIDIARY ACCOUNTING SYSTEMS RISK FACTORS GOVERNANCE PROFITABILITY INSURANCE TAXATION MICROFINANCE PREFECTURES TRADE LAND RETAINED EARNINGS RISK FINANCIAL MARKETS SUBNATIONAL GOVERNMENTS INDIGENOUS PEOPLES TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE RISK MANAGEMENT LENDING BANKING SUPERVISION ENVIRONMENTAL FINANCIAL SYSTEMS GOVERNMENTS CIVIL SERVICE PRIVATE SECTOR PRODUCTIVITY INTERNATIONAL BANKS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING CONSOLIDATION DEBT RELIEF
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25002409/plurinational-state-bolivia-country-program-evaluation-fy05-13-independent-evaluation http://hdl.handle.net/10986/23826

id	okr-10986-23826
recordtype	oai_dc
spelling	okr-10986-238262021-04-23T14:04:17Z The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation Independent Evaluation Group EXTERNAL AUDITORS EMPLOYMENT FINANCIAL SERVICES REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT ACCOUNTING ENVIRONMENTAL DEGRADATION LIQUIDATION FINANCIAL MANAGEMENT AUTONOMY INTEREST FACTORING HEALTH EXPENDITURES LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT LOCAL GOVERNMENTS STRATEGIES RESOURCE ALLOCATION WATER SUPPLY SERVICES TAX COLLECTION REVENUES FISCAL POLICY PROJECTS ECONOMIC STABILITY SAVING INFLATION LAND PRICES AUDITS MUNICIPALITIES SAFETY NETS MACROECONOMIC STABILITY PRESENT VALUE PUBLIC POLICY SAVINGS LOAN DOCUMENTATION TECHNICAL ASSISTANCE TRANSPORT PRODUCTIVITY NATURAL RESOURCE EXPLOITATION MIGRATION MUNICIPAL GOVERNMENTS TRANSFERS FINANCIAL LEASING FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS LOCAL GOVERNMENT DEFICITS LEGISLATION LABOR LOANS ENTERPRISES NATURAL RESOURCES TRUST FUNDS REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES LAND USE EFFECTIVE USE BANKS RESOURCES OPERATING EFFICIENCY EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES CAPITAL WAGES ENVIRONMENTAL POLICY AUDITORS SOCIAL SERVICES DOMESTIC LIQUIDITY DECENTRALIZATION PROCESS PUBLIC POLICIES VALUE BANK CREDIT CAPITALIZATION PUBLIC EXPENDITURES PROPERTY DECISION MAKING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE MONETARY POLICIES URBAN DEVELOPMENT ECONOMICS TERMS OF TRADE PUBLIC DEBT SUBSIDIARY ACCOUNTING SYSTEMS RISK FACTORS GOVERNANCE PROFITABILITY INSURANCE TAXATION MICROFINANCE PREFECTURES TRADE LAND RETAINED EARNINGS RISK FINANCIAL MARKETS SUBNATIONAL GOVERNMENTS INDIGENOUS PEOPLES TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE RISK MANAGEMENT LENDING BANKING SUPERVISION ENVIRONMENTAL FINANCIAL SYSTEMS GOVERNMENTS CIVIL SERVICE PRIVATE SECTOR PRODUCTIVITY INTERNATIONAL BANKS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING CONSOLIDATION DEBT RELIEF As the result of past investments in gas and mining sectors and high world commodity prices, the Bolivian economy grew considerably during the last seven years. Prudent macroeconomic policies and high taxes on hydrocarbon revenues led to a significant accumulation of fiscal surplus and external reserves. Under a state-led development model, the government led by President Morales pursued redistributive policies and invested heavily in road construction. However, it has retained far more of the conservative fiscal and macroeconomic policies than would have been predicted. Sustained growth has translated into significant poverty reduction and improved equity as unskilled labor, including from indigenous groups, benefited from booming non-tradable sector activities. The availability of hydrocarbon revenues, however, created little incentive for the government to address the structural issues in the economy. The Plurinational State of Bolivia is more resource dependent, institutions are weak, decision making is increasingly discretionary, productivity remains low both inside and outside the agriculture sector and environmental degradation is worsening. Going forward, the Bank Group should develop a long-term partnership with the government as well as groups outside of the government. The Bank should scale up the good practice programs in agriculture and help the government develop a strategy for improving agricultural productivity and rural development more broadly. In transport, the Bank should continue to focus on road maintenance to complement the construction programs of the government and other partners. 2016-03-02T20:11:03Z 2016-03-02T20:11:03Z 2015 Report http://documents.worldbank.org/curated/en/2016/02/25002409/plurinational-state-bolivia-country-program-evaluation-fy05-13-independent-evaluation http://hdl.handle.net/10986/23826 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Latin America & Caribbean Bolivia
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	EXTERNAL AUDITORS EMPLOYMENT FINANCIAL SERVICES REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT ACCOUNTING ENVIRONMENTAL DEGRADATION LIQUIDATION FINANCIAL MANAGEMENT AUTONOMY INTEREST FACTORING HEALTH EXPENDITURES LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT LOCAL GOVERNMENTS STRATEGIES RESOURCE ALLOCATION WATER SUPPLY SERVICES TAX COLLECTION REVENUES FISCAL POLICY PROJECTS ECONOMIC STABILITY SAVING INFLATION LAND PRICES AUDITS MUNICIPALITIES SAFETY NETS MACROECONOMIC STABILITY PRESENT VALUE PUBLIC POLICY SAVINGS LOAN DOCUMENTATION TECHNICAL ASSISTANCE TRANSPORT PRODUCTIVITY NATURAL RESOURCE EXPLOITATION MIGRATION MUNICIPAL GOVERNMENTS TRANSFERS FINANCIAL LEASING FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS LOCAL GOVERNMENT DEFICITS LEGISLATION LABOR LOANS ENTERPRISES NATURAL RESOURCES TRUST FUNDS REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES LAND USE EFFECTIVE USE BANKS RESOURCES OPERATING EFFICIENCY EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES CAPITAL WAGES ENVIRONMENTAL POLICY AUDITORS SOCIAL SERVICES DOMESTIC LIQUIDITY DECENTRALIZATION PROCESS PUBLIC POLICIES VALUE BANK CREDIT CAPITALIZATION PUBLIC EXPENDITURES PROPERTY DECISION MAKING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE MONETARY POLICIES URBAN DEVELOPMENT ECONOMICS TERMS OF TRADE PUBLIC DEBT SUBSIDIARY ACCOUNTING SYSTEMS RISK FACTORS GOVERNANCE PROFITABILITY INSURANCE TAXATION MICROFINANCE PREFECTURES TRADE LAND RETAINED EARNINGS RISK FINANCIAL MARKETS SUBNATIONAL GOVERNMENTS INDIGENOUS PEOPLES TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE RISK MANAGEMENT LENDING BANKING SUPERVISION ENVIRONMENTAL FINANCIAL SYSTEMS GOVERNMENTS CIVIL SERVICE PRIVATE SECTOR PRODUCTIVITY INTERNATIONAL BANKS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING CONSOLIDATION DEBT RELIEF
spellingShingle	EXTERNAL AUDITORS EMPLOYMENT FINANCIAL SERVICES REGULATORY FRAMEWORK STRUCTURAL ADJUSTMENT ACCOUNTING ENVIRONMENTAL DEGRADATION LIQUIDATION FINANCIAL MANAGEMENT AUTONOMY INTEREST FACTORING HEALTH EXPENDITURES LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT LOCAL GOVERNMENTS STRATEGIES RESOURCE ALLOCATION WATER SUPPLY SERVICES TAX COLLECTION REVENUES FISCAL POLICY PROJECTS ECONOMIC STABILITY SAVING INFLATION LAND PRICES AUDITS MUNICIPALITIES SAFETY NETS MACROECONOMIC STABILITY PRESENT VALUE PUBLIC POLICY SAVINGS LOAN DOCUMENTATION TECHNICAL ASSISTANCE TRANSPORT PRODUCTIVITY NATURAL RESOURCE EXPLOITATION MIGRATION MUNICIPAL GOVERNMENTS TRANSFERS FINANCIAL LEASING FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS LOCAL GOVERNMENT DEFICITS LEGISLATION LABOR LOANS ENTERPRISES NATURAL RESOURCES TRUST FUNDS REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES LAND USE EFFECTIVE USE BANKS RESOURCES OPERATING EFFICIENCY EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES CAPITAL WAGES ENVIRONMENTAL POLICY AUDITORS SOCIAL SERVICES DOMESTIC LIQUIDITY DECENTRALIZATION PROCESS PUBLIC POLICIES VALUE BANK CREDIT CAPITALIZATION PUBLIC EXPENDITURES PROPERTY DECISION MAKING FISCAL YEAR ENVIRONMENT FOREIGN EXCHANGE MONETARY POLICIES URBAN DEVELOPMENT ECONOMICS TERMS OF TRADE PUBLIC DEBT SUBSIDIARY ACCOUNTING SYSTEMS RISK FACTORS GOVERNANCE PROFITABILITY INSURANCE TAXATION MICROFINANCE PREFECTURES TRADE LAND RETAINED EARNINGS RISK FINANCIAL MARKETS SUBNATIONAL GOVERNMENTS INDIGENOUS PEOPLES TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE RISK MANAGEMENT LENDING BANKING SUPERVISION ENVIRONMENTAL FINANCIAL SYSTEMS GOVERNMENTS CIVIL SERVICE PRIVATE SECTOR PRODUCTIVITY INTERNATIONAL BANKS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING CONSOLIDATION DEBT RELIEF Independent Evaluation Group The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
geographic_facet	Latin America & Caribbean Bolivia
description	As the result of past investments in gas and mining sectors and high world commodity prices, the Bolivian economy grew considerably during the last seven years. Prudent macroeconomic policies and high taxes on hydrocarbon revenues led to a significant accumulation of fiscal surplus and external reserves. Under a state-led development model, the government led by President Morales pursued redistributive policies and invested heavily in road construction. However, it has retained far more of the conservative fiscal and macroeconomic policies than would have been predicted. Sustained growth has translated into significant poverty reduction and improved equity as unskilled labor, including from indigenous groups, benefited from booming non-tradable sector activities. The availability of hydrocarbon revenues, however, created little incentive for the government to address the structural issues in the economy. The Plurinational State of Bolivia is more resource dependent, institutions are weak, decision making is increasingly discretionary, productivity remains low both inside and outside the agriculture sector and environmental degradation is worsening. Going forward, the Bank Group should develop a long-term partnership with the government as well as groups outside of the government. The Bank should scale up the good practice programs in agriculture and help the government develop a strategy for improving agricultural productivity and rural development more broadly. In transport, the Bank should continue to focus on road maintenance to complement the construction programs of the government and other partners.
format	Report
author	Independent Evaluation Group
author_facet	Independent Evaluation Group
author_sort	Independent Evaluation Group
title	The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
title_short	The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
title_full	The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
title_fullStr	The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
title_full_unstemmed	The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation
title_sort	plurinational state of bolivia country program evaluation, fy05-13 : an independent evaluation
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/02/25002409/plurinational-state-bolivia-country-program-evaluation-fy05-13-independent-evaluation http://hdl.handle.net/10986/23826
_version_	1764454788270915584

The Plurinational State of Bolivia Country Program Evaluation, FY05-13 : An Independent Evaluation

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