The government confirms that Bolivia will be among the top 10 economies in the region in 2021

The Minister of Economy and Public Finance, Marcelo Montenegro, said this Sunday that the Plurinational State of Bolivia will be among the 10 Latin American countries with the highest economic growth in 2021.

“We will be among the 10 countries or the 10 economies that will grow the fastest in Latin America, so this is a very important result,” Montenegro said in contact with state media.

With this in mind, the agency pointed out that the Financial Fiscal Program 2021, signed by the Ministry of Economy and Public Finance and the Central Bank of Bolivia (BCB) in March this year, forecasts economic growth of 4.4% in 2021.

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“I think our estimates (…) are robust and, say, have the same performance and logic that other institutions have estimated, growth this year and one of the 10 fastest growing economies,” the minister noted.

In April of this year, the President of the Commission for Planning, Economic Policy and Finance of the Chamber of Deputies, Omar Yujra, announced that the World Bank (WB) is forecasting economic growth of 4.7% for Bolivia this year, the Economic Commission for Latin America and the Caribbean (ECLAC) forecast 5.1% and the International Monetary Fund (IMF) 5.5%.

“The trend of both (the) estimates of these international organizations, like the one we collect, shows a growth rate for the national economy for this year and the trend continues,” emphasized Montenegro.

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In its latest report, the World Bank confirmed its economic growth forecast of 4.7% for Bolivia for this year, a figure that is the plurinational state among the 10 countries in Latin America and the Caribbean with the highest gross domestic product (GDP) growth in 2021.


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