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Andean Group - May 2010 (ISSN 1741-4466)
BOLIVIA: Why Bolivia is a good credit risk
The acting president of the Banco Central de Bolivia, Gabriel Loza
Tellería, argued that there was no chance of Bolivia following Greece into major
financial difficulties. He pointed out that Greece had a huge fiscal deficit
(14% of GDP) and a high public sector debt (over 100% of GDP). Bolivia, by
contrast, has foreign reserves (net of foreign debt) of US$8.4bn and if
financial system assets are added to this, the reserve figure rises to US$9.9bn.
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