Bolivia - Economic memorandum

Report No. 2195-BO FILE C9PY Economic Memorandum on Bolivia November 3, 1978 Latin America and the Caribbean Regional Office FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be Used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Pank authorization.  CURRENCY EQUIVALENT Currency Unit = Bolivian Peso ($b) US$1.00 = $b20.00 $bl.00 = US$0.05 $bl million = US$50,000 The exchange rate of $b20 = US$1 was used through- out this report, except where indicated otherwise.  FOR OFFICIAL USE ONLY This report is based on the findings of a mission to Bolivia in February 1978, composed of: Mr. Mario Cortes (Chief of Mission) Ms. Dolores Velasco (Statistical Assistant) Ms. Carol Seppala (Economist) Mr. Rolando Arrivillaga (Agricultural Economist) This document has a restricted distribution and may be used by recipients only in the performance of their offlcial duties. Its contents may not otherwise be disclosed without World Bank authorization.   TABLE OF CONTENTS Page No. MAP COUNTRY DATA SUMMARY AND CONCLUSIONS ............................ i - viii I. RECENT ECONOMIC DEVELOPMENTS ....................... Public Finances .................................. 3 Coordination of Public Enterprises .... ........... 7 Money and Credit ................................. 8 Balance of Payments .............................. 11 II. SECTOR ISSUES AND PROSPECTS ........................ Hydrocarbons ..................................... 14 Agriculture ......... ............................. 17 Mining . .......................................... 21 Industry ............ ............................. 26 III. DEVELOPMENT PROSPECTS .............................. The Near-Term Development Prospects .... .......... 29 Medium-Term Prospects ............................ 30 Plan Targets ................................... 31 Prospects .......... ............................ 35 Import Projections ............................... 38 Trade Policies ................................... 39 Public Investment ................................ 39 External Capital Requirements .................... 40 STATISTICAL APPENDIX  TEXT TABLES Table 1: Evolution of Domestic Product, 1973-77 2: Public Sector Finances, 1973-77 3: Central Government Finances, 1970-77 4: Changes in Credit by Origin, Destination and Financing 1973-77 5: Volume of Production, Domestic Use and Exports of Petroleum and Natural Gas, 1970-77  O~~~~~~~~~~~~~~~~~~~~~~~~~~- DRi o, < ,| 'IV~~~~~~~ _ E / Q4