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The Plurinational State of Bolivia : country program evaluation, FY05-13 - an independent evaluation (Inglês)

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.


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    IEG Evaluation

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    América Latina e Caribe,

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    The Plurinational State of Bolivia : country program evaluation, FY05-13 - an independent evaluation

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    small and medium enterprise;financial and private sector development;evaluation period;committee on development effectiveness;Committee for Development Effectiveness;climate change and disaster risk;andean development corporation;Analytic and Advisory Activities;public sector reform agenda;sustainable natural resource management;large tracts of land;vulnerability to climate change;maternal and child health;access to basic service;Advisory services;macroeconomic and fiscal;governance and institutions;Public Sector Governance;terms of trade;Non-Lending Technical Assistance;access to finance;Country Partnership Strategy;Country Program Evaluation;country assistance strategy;public investment management;Country Assistance Strategies;Poverty & Inequality;human development indicator;international commodity price;Promoting Private Sector;lack of investment;lack of interest;private sector entities;impact on poverty;sustainable fiscal balance;public sector effectiveness;institutional development impact;electricity transmission company;Energy and Mining;multilateral development institution;short time horizon;Public Financial Management;secondary road network;human capital development;Access to Energy;national transmission system;area of governance;export promotion effort;private sector productivity;road maintenance program;public sector efficiency;rural living standard;Civil Service Reform;annual average growth;natural gas reserves;natural resource endowment;conditional cash transfer;resource-rich developing country;Trust Fund Operations;liberal economic policies;Development Policy Loan;quality of health;foreign direct investment;financial sector review;income generation opportunities;children and youth;managing natural resources;private sector business;Job Creation;agricultural productivity;hydrocarbon revenues;extreme poverty;review period;natural disaster;rural area;fiscal surplus;urban development;Indigenous Peoples;donor coordination;gender issue;summary ratings;social unrest;Social Protection;bridge loan;primary road;long-term sustainability;trade finance;Macroeconomic Management;Rural Sector;indigenous communities;indigenous community;economic stability;Business Regulation;tradable sector;income inequality;capitalization program;social gains;Extractive Industry;financial service;Economic Policy;increase productivity;national politics;Macroeconomic Policy;external assistance;non-governmental organization;external financing;environmental degradation;market demand;donor community;Agriculture;external resource;small loan;fiscal deficit;social tension;mobilizing support;donor agencies;constitutional structure;Macroeconomic Stability;hydrocarbon resource;mutual accountability;business sector;Financial Access;inclusive growth;market access;national market;project size;rural transportation infrastructure;pension reform;strategic objective;strategic areas;good governance;political sphere;improving governance;political issue;microfinance market;Education Services;international reserve;macroeconomic situation;market opportunity;project approval;youth employment;mineral price;tin price;debt crisis;inflationary spiral;macro level;donor aid;debt rescheduling;gas companies;administrative procedure;budget support;investment loan;public program;small farmer;transitional government;fiscal stability;productive sector;bilateral agency;investment lending;market-oriented reforms;civilian rule;military dictatorship;conserve biodiversity;administrative support;research department;Early Education;reducing inequality;targeted intervention;land title;noncommercial purposes;subsidiary right;nature conservation;administration system;Land tenure;land right;tenure system;alliance support;Environmental Policy;hydrocarbon sector;draft law;investment climate;government personnel;universal health;rural electricity;Gas Export;electricity coverage;living condition;macroeconomic framework;woman entrepreneur;mutual commitment;gender dimension;government objective



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