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Economist lashes out at hostility of risk rating agencies in Bolivia

La Paz, Oct 20 (Prensa Latina) Economic analyst Martin Moreira criticized that international risk rating agencies "do not forgive" that nowadays the Plurinational State of Bolivia is independent of its financial conditions.

“According to the country’s economic indicators, a positive outlook can be observed (…). In spite of those achievements, it is regrettable that the risk rating agencies do not take them into account,” the expert assured.

Moreira detailed that up to September 2023, inflation in Bolivia was 1.5%, one of the lowest indicators in South America.

He added that the Consumer Price Index (CPI) ramped up by just 0.1%, “indicating there was no significant upturn in food and service prices.”

The analyst mentioned that the domestic economic growth is sustained in recent years with 6.1% in 2021, slightly reduced to 3.2 units out of 100 in 2022; and for the current year, an expansion to 3.5% is projected.

All these figures are significantly higher than the forecasts of international institutions such as the International Monetary Fund (IMF) and the World Bank (WB), “which project a growth of over 2% for the country,” Moreira commented.

The Bolivian financial system further shows strength with an increase in loans to 208.717 billion bolivianos (nearly US$30 billion), and a delinquency rate of 2.7%, the lowest in the region.