Macroeconomy/Finance

World Bank forecasts Bolivian debt to grow by more than 10% of GDP

The new World Bank report states that Bolivia’s debt will grow by more than 10% of GDP from 57.4% to 69.2%. While the government managed to control the fiscal deficit and freeze it at 7.2% in 2019, in 2020, it should also be below 8%, but the document says the figure will reach 8%. It expects to fall to 5.6% in 2021 and 3.6% in 2022.

Source: El Diario