Economy

Bolivia among the fastest growing economies in Latin America

Bolivia is among the fastest growing economies in Latin America, according to various international organisations. The International Monetary Fund (IMF) and the Economic Commission for Latin America (ECLA) increased Bolivia’s growth projections from 4 to 4.3% and the World Bank from 3.9 to 4.5%. These organisations place Bolivia in first or second place in regional growth. However, international experts such as CAF president Enrique Garcia, the country needs significant structural adjustments to diversify the economy that is highly dependent on hydrocarbons and minerals.

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Source: Cambio

Categories:Economy, Politics