THE NEW ECONOMIC

MODEL IN BOLIVIAAnglo Bolivian Committee “ABC”

PLURINATIONAL STATE OF

BOLIVIA

March 30th 2010

LUIS ALBERTO ARCE CATACORA

MINISTER OF ECONOMY AND PUBLIC FINANCES

I. Bolivian New Economic Model Guideliness…………….......Diap. 2

II. New Economic Model Results …………............................Diap. 8

I. BOLIVIA’S NEW ECONOMIC

MODEL GUIDELINES

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THE FOUR CRISIS OF THE CAPITALISM

• Nowadays The world is going through not just a financial crisis and its

conquenses in the real sector; but also:

• A climate crisis

• An energy crisis

• And a food crisis

• In this context it is posible to talk about an structural crisis of the

capitalism

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3

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The Neo- Liberal ModelEconomic, Social,

Communitarian, Productive

Free market. Market is the

allocator of resources and fix

imbalances. Efficient market

hypotesis

The state intervines to correct the

market mistakes(wealth

redistribution does not exist either

the transnational monopoly of

strategic companies)

1. 1.

Police state. Observer state. The

market is self regulator of the

economic process

2. Active participation of the state in

the economy. The state should

intervine in the economy through

its seven fields: Planning,

entrepreneur, investor,

regulator,benefactor, promover,

banker

2.

Privatizer state, that transfers

surpluses abroad and does not

look after the RRNN

Nationalization and control of the

RRNN strategies3. 3.

Exporter Primary Development

Pattern4.

Industrialization and productive

Development pattern4.

4

To preserve the macroeconomic

stability as social asset and to boost

the economic development

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Neo- Liberal Economic ModelModelo Económico Social

Comunitario Productivo

Income concenrtation, sectors of

the society excluded5. Income redistribution state5.

7. 7.Growth exclusively in function of

the external demandGrowth in function of the external

demand and the domestic demand

8. 8.Dependency on external

savings for the

investment,higher debt and

fiscall déficit

Generation of domestic resources

for investment, lower debt and fiscal

surplus

9. 9.Stagnation,poverty, inequality in

wealth and opportunities

Biger development, redistribution

and generation of jobs

Macroeconomic stability as an

end in itself

10. 10.

Economy centralized in the private

inniciative6. State promoter of the plural

economy 6.

5

Strategic

sectors:

Generating

surplus

Sectors

generating

income and

jobs

• Hydrocarbons

• Mining

• Electricity

• Natural Resources

• Industry , manufacturing and

crafts

• Turism

• Farming development

• Housing

• Trade , transport services,

and others

Surplus

REDISTRIBUTOR STATE

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ECONOMIC, SOCIAL, COMMUNITARIAN AND

PRODUCTIVE MODEL

Source: New State Political Constitution

Elaborated by: Fiscal Analysis Network (RAF)

6

Source: New State Political Constitution

Elaborated by: Fiscal Analysis Network (RAF)

PRIVATE

- Generating jobs

- Generating products and

- Services

-Boosting the economic

Independence

To promote the

integration of the

different ways of

economic production,

aiming to achieve

econmic and social

development

PLURAL ECONOMY

COMMUNITY

- Generating production and jobs

- Partnership principles

SOCIAL COOPERATION

- Generation production

And jobs

-Principles of solidary work and

cooperation

STATE

- Promoter

- Organizer

- Redistributor

Individual interests

complementation with

the collective living well

State’s Function

ECONOMIC GROWTH AND

INCOME

REDISTRIBUTION

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PLURAL ECONOMY

7

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I. NEW ECONOMIC MODEL

RESULTS

Selected Latin American countries: GDP growthAccumulated January to December, 2009 (p)

(In percentage)

(p) Preliminar

(1) Stimated

(2) Approximate in base to the IMAE

Note: Countries that have published information regarding their GDP

Source : Central Banks and statistic institutions from each country

Elaborationn: Fiscal Analysis Network (RAF), MEFP

Last update : Monday, March 29th 2010 (Hrs. 20:24)9M

INIS

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MY

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-6,54

-1,53

-0,19

0,36

0,83

0,86

3,40

-8,00 -6,00 -4,00 -2,00 0,00 2,00 4,00

México

Chile

Brasil

Ecuador

Argentina(2)

Perú

Bolivia(1)

-2,57

2,41

2,96

3,79

4,64

5,27

1,65

4,274,674,68

4,36

4,955,03

0,43

2,51

1,68

2,492,71

4,174,42

4,804,56

6,15

3,4

-4,00

-3,00

-2,00

-1,00

0,00

1,00

2,00

3,00

4,00

5,00

6,00

7,001

98

6

19

87

19

88

19

89

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

(p)

20

06

(p)

20

07

(p)

20

08

(p)

20

09

(e)

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Bolivia: Real GDP growth , 1986 – 2009 (e) ( In percentage )

(p) Preliminar

(e) Stimated

Source : Statistic National Institute (INE)

Elaboration: Fiscal Analysis Network (RAF), MEFP

Last update : Friday , March 12th 2010 (Hrs. 10:38)

Average 1985 – 2005 2006 (p) 2007 (p) 2008 (p) 2009 (e)

3,00 4,80 4,56 6,15 3,4

5,4

3,4

5,3

2,8 2,3

1,3

2,01,9

2,9

3,3

4,14,2

5,5

3,3

2,92,9

3,3

3,6

3,3

7,3

15,1

-13,6

2,2

3,1

11,3

8,3

16,6

12,2

5,7

8,4

15,0

-12,8

6,5

-2,1

4,1

5,3

1,1

9,1

0,0

1,0

2,0

3,0

4,0

5,0

6,01

99

1

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

(p

)

20

06

(p

)

20

07

(p

)

20

08

(p

)

20

09

(p

)

Co

ns

um

o d

e H

og

are

s

-20,0

-15,0

-10,0

-5,0

0,0

5,0

10,0

15,0

20,0

Ex

po

rtac

ion

es

Consumo de Hogares

Exportaciones (Eje der.)

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SBolivia: Real Growth in Domestic Spending and exports ,

1991 - September 2009 (p) (In percentage)

(p) Preliminar

Sources : Statistic National Institute (INE)

Elaborated by: Fiscal Analysis Network (RAF), MEFP

Last update : Tuesday, December 29th 2009 (Hrs. 18:15)

En

e-S

ep

8,6 8,1 7,68,4

9,28,2 7,7 7,5 7,1

5,8 5,4 5,95,0 5,2 5,0 4,7

6,0 6,3 6,98,0

8,8 8,1

3,73,4 5,0

5,8

6,57,2

5,97,2 8,7

13,2

18,1

13,9

12,6

8,310,7

8,9 6,9 7,06,9

6,9

7,8

6,1

12,311,6

12,6

14,2

15,7 15,4

13,5

14,715,8

19,0

23,4

19,8

17,6

13,6

15,7

13,612,9 13,2

13,814,8

16,6

14,3

0,0

5,0

10,0

15,0

20,0

25,0

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005 (

p)

2006 (

p)

2007 (

p)

2008 (

p)

2009 (

p)

Privado

Público

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Bolivia: Gross real fixed capital building in GDP

percentage, 1988 – September 2009 (p) (In percentage)

(p) Preliminar

Fuente: Instituto Nacional de Estadística (INE)

Elaboración: Red de Análisis Fiscal (RAF), MEFP

Última actualización: Martes, 5 de enero de 2010 (Hras. 20:19)

En

e-S

ep

1.4

00

2.0

11

2.2

40

2.0

45

3.4

69

351

1.4

97

1.5

19

1.0

62

794

1.4

74

1.6

41

1.3

31

1.1

24

945

672 570819 851 786

1.138 1.254

6.899

4.822

4.088

2.867

2.195

1.590

1.246 1.320

5.297

0

1.000

2.000

3.000

4.000

5.000

6.000

7.0001985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Otros

Agropecuaria

Industria Manufacturera

Extracción de Minerales

Extracción de hidrocarburos

Bolivia: Exports by Economic Activity 1985 – 2009 (p)(In million of USD)

-23%43%

18%

43%

Average

1985 - 20052006 2007 2008 2009 (p)

1.138 4.088 4.822 6.899 5.297

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(p) Preliminar

Nota: No incluye efectos personales y reexportación

Source : National Statistics Institute (INE)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update : Friday , Januray 29th 2010 (Hrs. 11:00)

282 340 389 506 413 471 410 374

1.1038936

04

616 738 8

92

743 932

870

926

2.5

56

2.2

38

53

5 65

9 75

5

1.0

07

91

9

60

7

41

8

52

4

1.2

82

1.2

16

837490524

403359

862 997 1

.281

1.4

67

1.7

70

95

2

94

6

61

1

50

4

45

8

703

9941.130 1.177 1.196

1.434

1.657

1.926

2.451

2.098 2.020

1.7081.832

1.692

1.920

2.440

2.926

5.009

4.410

3.588

0

1.000

2.000

3.000

4.000

5.000

6.000

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Bienes de Capital

Materias Primas y productos intermedios

Bienes de Consumo

Otros

Bolivia: Imports according to CUODE1990 – 2009 (p)(In million of USD)

-12%

40%

23%

20%

Average

1985 - 20052006 2007 2008 2009 (p)

1.415 2.926 3.588 5.009 4.410

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(p) Preliminar

Source : Statistic National Institute (INE)

Elaborated by: Fiscal Analysis Network (RAF), MEFP

Last update: Friday, January 29th 2010 (Hrs. 11:00)

253

-98

-357 -368

-72

-252-361

-654

-1.126

-693

-545

-355-457

-16

345

508

1.306 1.302

2.007

972

-1.500

-1.000

-500

0

500

1.000

1.500

2.000

2.500

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

Bolivia: Trade Balance1990 – 2009 (p)

(In million of USD)

-52%54%

Average

1985 - 20052006 2007 2008 2009 (p)

-201 1.306 1.302 2.007 972

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(p) Preliminar

Note: Include personal effects and re exports in the exports for the calculations

Sources : Statistic National Institute (INE)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update : Friday, january 29th 2010 (Hrs. 11:00)

362372

476

304307

167

44

83142

213

172

288

228

179

276

167

155

134

96

140113 98

128 143 150167 172

128154 172

189218

305

358

560

632

993

756

905

0

100

200

300

400

500

600

700

800

900

1.0001990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Agricultura, Gandería, Caza, Pesca y Silvicultura

Industria Manufacturera

Extracción de Minerales

Extracción de Hidrocarburos

Bolivia: Exports according the economic activityAccumulated January - February, 1990 – 2010 (p)

(In million of USD)

-24%

57%

13%

56%

(p) Preliminar

Note: Does not include personal efects or re import

Source: Statistics National Institute (INE)

Elaborated by: Fiscal Analysis Network (RAF), MEFP

Last update : Monday, January 29th 2010 (Hrs. 10:55)

20%

16MIN

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130128155

1146368

372

176218

242

331 365

194191181

137

139

94

104128

191

151 157

207 205

300327 336

360

253 245

293275

342

425

496

678692 700

0

100

200

300

400

500

600

700

800

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Otros

Bienes de capital

Materias primas y prod. intermedios

Bienes de consumo

Bolivia: Imports according to CUODEAccumulated January - February, 1990 – 2010 (p)

(In million of USD)

2%

37%

17%

24%

1%

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(p) Preliminar

Source : Statistic National Institute (INE)

Elaboracted by : Fiscal Analysis Network (RAF), MEFP

Last update : Monday, January 29th 2010 (Hrs. 20:05)

3816

-75-51

-28

-61-48

-131-150

-181 -191

-54 -49 -45

4324

141 142

338

74

219

-300

-200

-100

0

100

200

300

4001

99

0

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

Bolivia: Trade BalancesAccumulated January- February, 1990 – 2010 (p)

(In million of USD)

196%

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(p) Preliminar

NoteExports include personal effects and re- exports

Source : Statistics National Institute (INE)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last Update : Monday, January 29th 2010 (Hrs. 10:55)

10,66

21,51

16,56

18,01

14,52

10,46

9,318,52

12,58

7,95

6,73

4,39

3,13 3,41

0,92

2,45

3,944,62 4,91 4,95

11,8511,73

0,26

0,0

5,0

10,0

15,0

20,0

25,0

30,01985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Bolivia: Inflation, 1985 - 2009(In percentage)

Source: Statistics National Institute (INE)

Elaborated by: Fiscal Analisys Network (RAF), MEFP

Last Update : Thusday, January 7th 2009 (Hrs. 20:44)

668.171

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6,026,57 6,36

6,59

8,84

10,48

11,34

13,7313,30

3,20

0,310,07

0,260,460,78

0,64

15,22

14,08

13,32

11,7311,35

11,86

10,36

7,196,76

11,85

17,3216,84

14,7914,51

11,04

8,13

6,56

12,08

5,32

2,12

1,451,42

0,0

2,0

4,0

6,0

8,0

10,0

12,0

14,0

16,0

18,0

Ene-0

7

Feb-0

7

Mar-

07

Abr-

07

May-0

7

Jun-0

7

Jul-07

Ago-0

7

Sep-0

7

Oct-

07

Nov-0

7

Dic

-07

Ene-0

8

Feb-0

8

Mar-

08

Abr-

08

May-0

8

Jun-0

8

Jul-08

Ago-0

8

Sep-0

8

Oct-

08

Nov-0

8

Dic

-08

Ene-0

9

Feb-0

9

Mar-

09

Abr-

09

May-0

9

Jun-0

9

Jul-09

Ago-0

9

Sep-0

9

Oct-

09

Nov-0

9

Dic

-09

Ene-1

0

Feb-1

0

Bolivia: 12 months inflation , January 2007 - February 2010(In percentage)

Source: Statistics National Institute (INE)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update : Friday , March 5th 2010 (Hrs. 10:49)20M

INIS

TR

Y O

F E

CO

NO

MY

AN

D P

UB

LIC

FIN

AN

CE

S

-5,0

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

Ene-0

5

Abr-

05

Jul-

05

Oct-

05

Ene-0

6

Abr-

06

Jul-

06

Oct-

06

Ene-0

7

Abr-

07

Jul-

07

Oct-

07

Ene-0

8

Abr-

08

Jul-

08

Oct-

08

Ene-0

9

Abr-

09

Jul-

09

Oct-

09

Ene-1

0

Argentina Bolivia Brasil Chile Colombia Ecuador

México Paraguay Perú Uruguay Venezuela

Latín- American Countries: 12 months inflationJanuary 2005 – February 2010 (p)

(In percentage )

(p) Preliminar

Source: Central Banks and statistics institutes in each country

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update: Tuesday, March 30th 2010 (Hrs. 12:23)21M

INIS

TR

Y O

F E

CO

NO

MY

AN

D P

UB

LIC

FIN

AN

CE

S

Dic-05 Dic-06 Dic-07 Dic-08 Dic-09 Ene-10 Feb-10

Bolivia 4,91 4,95 11,73 11,85 0,26 0,07 0,31

Chile 3,66 2,57 7,82 7,09 -1,38 -0,13 0,54

Perú 1,50 1,13 3,93 6,65 0,25 0,44 0,84

Colombia 4,85 4,48 5,69 7,67 2,00 2,04 2,09

Paraguay 9,85 12,48 5,97 7,50 1,86 2,79 2,98

Ecuador 3,13 2,87 3,33 8,83 4,31 4,44 4,31

México 3,33 4,05 3,76 6,53 3,57 4,46 4,83

Brasil 5,69 3,14 4,46 5,90 4,31 4,59 4,83

Uruguay 4,90 6,38 8,50 9,19 5,90 6,05 6,93

Argentina 12,33 9,84 8,47 7,24 7,69 8,24 9,11

Venezuela 14,36 16,97 22,46 30,90 25,06 24,35 24,71

Selected countries: Nominal Exchange Type IndexJanuary 2003 - 25 March 2010

(January 2003 = 100)

(p) Preliminar

Fuente: Bloomberg, Banco Central de Bolivia (BCB) en base a información de Bloomberg, Banco Central de Uruguay

Elaboración: Red de Análisis Fiscal (RAF), MEFP

Última actualización: Viernes, 26 de marzo de 2010 (Hras. 18:53)

Ve

ne

zu

ela

Arg

en

tin

a,

Bo

livia

, B

ras

il, C

hil

e,

Co

lom

bia

, P

erú

y U

rug

ua

y

25-

22MIN

IST

ER

IO D

E E

CO

NO

MÍA

Y F

INA

NZ

AS

PÚ

BL

ICA

S

40,0

50,0

60,0

70,0

80,0

90,0

100,0

110,0

120,0

En

e-0

3M

ar-

03

Ma

y-0

3Ju

l-0

3S

ep

-03

No

v-0

3E

ne

-04

Ma

r-0

4M

ay-0

4Ju

l-0

4S

ep

-04

No

v-0

4E

ne

-05

Ma

r-0

5M

ay-0

5Ju

l-0

5S

ep

-05

No

v-0

5E

ne

-06

Ma

r-0

6M

ay-0

6Ju

l-0

6S

ep

-06

No

v-0

6E

ne

-07

Ma

r-0

7M

ay-0

7Ju

l-0

7S

ep

-07

No

v-0

7E

ne

-08

Ma

r-0

8M

ay-0

8Ju

l-0

8S

ep

-08

No

v-0

8E

ne

-09

Ma

r-0

9M

ay-0

9Ju

l-0

9S

ep

-09

No

v-0

9E

ne

-10

Ma

r-1

0

0,0

20,0

40,0

60,0

80,0

100,0

120,0

140,0

160,0

Argentina Bolivia Brasil Chile Colombia Perú Uruguay Venezuela (Eje der.)

8.5698.580

1.123

7.722

1.714

3.178

5.319

-500

0

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

4.500

5.000

5.500

6.000

6.500

7.000

7.500

8.000

8.500

9.000

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Bolivia: Net International Resrves from the BCB 1976 – 19 March 2010 (p)

(In million of USD)

2005 2006 2007 2008 200919-Mar

2010

1.714 3.178 5.319 7.722 8.580 8.569

2.142

2.403

1.464

858

(p) Preliminar

Source: Bolivian Central Bank (BCB)

Elaboration: Fiscal Analysis Network (RAF), MEFP

Last update : Friday , March 26th 2010 (Hrs. 10:55)23M

INIS

TR

TY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

(p) Preliminar

NOTE: (1) RIB information to December 31st 2009, except: Perú to December 29th 2009, Argentina to December 24th 2009, Chile to December

15th 2009, Colombia and Paraguay to November 2008 and 2009

Source : Central Bank of each country

Elaboraction : Fiscal Analysis Network (RAF), MEFP

Last update: Thursday , January 7th 2010 (Hrs. 15:50)

Latin American countries: Net International Reserves in GDP

percentage, December 2008 and December 31st 2009 (p)(In percentage )

24MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

7,3

8,4

10,5

10,6

14,8

15,2

15,4

22,5

25,5

26,1

51,8

8,2

7,8

13,2

9,8

14,3

13,1

13,7

17,1

19,8

24,5

46,6

0,0 10,0 20,0 30,0 40,0 50,0 60,0

Ecuador

México

Venezuela

Colombia

Argentina

Brasil

Chile

Paraguay

Uruguay

Perú

Bolivia

Dic-08

Dic-09(1)

Bolivia: Public deposits to the Financial System by sub

system, 1995 – February 2010(In million of USD)

Source: Financial System Supervisory Authority (ASFI)

Elaborated by : Fiscal Analysis Network (RAF)

Last update : Tuesday , March 16th 2010 (Hrs. 15:30)

25MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

2.472

2.974

3.585

4.186 4.187 4.1984.026

3.528 3.505 3.4423.711

4.268

5.344

6.972

8.7308.498

0

1.000

2.000

3.000

4.000

5.000

6.000

7.000

8.000

9.000

10.000

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

Fe

b-1

0

Mutuales

Cooperativas

FFP's

Bancos

Bolivia: Financial System Folio by sub system 1995 – February 2010

(In million of USD)

Sources: Financial System Supervition Authority (ASFI)

Elaborated by : Fiscal Analysis Network (RAF)

Last update : Tuesday , March 16th 2010 (Hrs. 15:30)

A Febrero de 2010 se

supera el récord de 1998

en $us 507 millones

26MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

2.8192.968

3.891

4.851

4.589

4.060

3.393

2.997 2.933 3.024 3.106

3.387

3.998

4.771

5.394 5.358

0

1.000

2.000

3.000

4.000

5.000

6.0001995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Feb-1

0

Mutuales

Cooperativas

FFP's

Bancos

949,4

1.2

50,0

1.4

53,1

1.9

70,61.3

45,0 2.0

41,7

2.6

95,3 3

.254,5

1.9

69,9

2.1

85,1

2.6

84,1

3.1

43,9

8.730

7.179

5.738

4.480

0

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

4.500

5.000

5.500

6.000

6.500

7.000

7.500

8.000

8.500

9.000

9.500D

ic-0

5E

ne-0

6F

eb-0

6M

ar-

06

Abr-

06

May-0

6Jun-0

6Jul-06

Ago-0

6S

ep-0

6O

ct-

06

Nov-0

6D

ic-0

6E

ne-0

7F

eb-0

7M

ar-

07

Abr-

07

May-0

7Jun-0

7Jul-07

Ago-0

7S

ep-0

7O

ct-

07

Nov-0

7D

ic-0

7E

ne-0

8F

eb-0

8M

ar-

08

Abr-

08

May-0

8Jun-0

8Jul-08

Ago-0

8S

ep-0

8O

ct-

08

Nov-0

8D

ic-0

8E

ne-0

9F

eb-0

9M

ar-

09

Abr-

09

May-0

9Jun-0

9Jul-09

Ago-0

9S

ep-0

9O

ct-

09

Nov-0

9D

ic-0

9E

ne-1

0F

eb-1

0

Otros

DPF's

Caja de Ahorro

Vista

Bolivia: Public Deposits to the Financial SystemDecember 2005 – February 2010

(In million of USD)

Source : Financial System Supervisory Authority (ASFI)

Elaborated by : Fiscal Analysis Network (RAF)

Last update : Tuesday , March 16th 2010 (Hrs. 15:30)

25%

22%

28%

23%

37%

36%

4%

20%

27%

48%

4%

27MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

3,6

10,1

Feb-10

5.358Feb-09

4.735

Feb-08

4.022

Feb-07

3.381

0

1.000

2.000

3.000

4.000

5.000

6.000D

ic-0

5E

ne

-06

Fe

b-0

6M

ar-

06

Ab

r-0

6M

ay-0

6Ju

n-0

6Ju

l-0

6A

go

-06

Se

p-0

6O

ct-

06

No

v-0

6D

ic-0

6E

ne

-07

Fe

b-0

7M

ar-

07

Ab

r-0

7M

ay-0

7Ju

n-0

7Ju

l-0

7A

go

-07

Se

p-0

7O

ct-

07

No

v-0

7D

ic-0

7E

ne

-08

Fe

b-0

8M

ar-

08

Ab

r-0

8M

ay-0

8Ju

n-0

8Ju

l-0

8A

go

-08

Se

p-0

8O

ct-

08

No

v-0

8D

ic-0

8E

ne

-09

Fe

b-0

9M

ar-

09

Ab

r-0

9M

ay-0

9Ju

n-0

9Ju

l-0

9A

go

-09

Se

p-0

9O

ct-

09

No

v-0

9D

ic-0

9E

ne

-10

Fe

b-1

0

En

millo

ne

s d

e U

SD

0,0

2,0

4,0

6,0

8,0

10,0

12,0

En

po

rce

nta

je

Bancos FFP's Cooperativas Mutuales Cartera en Mora (Eje Der.)

Bolivia: Financial System Total BaseDecember 2005 – February 2010

(In million of USD)

Source:Financial System Supervisory Authority (ASFI)

Elaborated by : Fscal Analysis Network (RAF)

Last update: Tuesday, March 16th 2010 (Hrs. 15:30)

18%

13%

19%

28MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

-1,4-2,1-2,4

-1,5-0,4

-1,3-2,1-2,2-2,7

-4,9

-6,4-5,6

-17,5

-9,8

-2,3

-8,3

-5,9-5,6

-4,4-4,2-4,4

-3,0

-1,8-1,9

-3,3

-4,7

-3,5-3,7

-6,8-7,9

-5,5

0,1

3,2

4,5

1,7

-2,2

-30,6

-22,3

-6,1

-8,8

-35

-30

-25

-20

-15

-10

-5

0

51970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Bolivia: SPNF Superávit (déficit), 1970 - 2009 (p)(In GDP percentage)

(p) Preliminar

Source : Fiscal Program Unit and Bolivian Central Bank

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update : Tuesday , MARCH 16TH 2010 (Hrs. 10:23)

Average

1985 - 20052006 2007 2008 (p) 2009 (p)

- 5,0% + 4,5% + 1,7% + 3,2% + 0,1%

(p)

Four year consecutive surplus, showing a responsable

management of the fiscal accounts

2,4%

29MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

315

420

532481 513 520

589548

505 531583

639585

500

602 629

879

1.005

1.3511.428

1.807

0

200

400

600

800

1.000

1.200

1.400

1.600

1.800

2.0001

99

0

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

(p)

20

10

(P

pto

)

Bolivia: Executed Public investment, 1990 – 2010 (Ppto.)(In million of USD)

Average 1987 – 2005:

$us 497 million

Average 2006 – 2009:

$us 1.166 million

40%

14%

34%

6%

(p) Preliminar

Source : External Funding and Public Investment Vice Ministrty (VIPFE)

Elaborated by : Fiscal Analysys Network (RAF), MEFP

Last update : Tuesday, May 30th 2010 (Hrs. 09:43)30M

INIS

TR

Y O

F E

CO

NO

MY

AN

D P

UB

LIC

FIN

AN

CE

S

27%

2.3

28

5.4

97

5.9

54

6.6

44

6.4

65

24.1

06

22.9

63

13.5

53

15.7

99

18.3

91

7.721

30.571

4.8673.515

2.3491.277

6.916

8.652

11.243

15.881

21.297

24.346

29.607

0

4.000

8.000

12.000

16.000

20.000

24.000

28.000

32.000

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

IDH

Impuestos sin IDH

Bolivia: Tax Revenue1990 - 2009 (p)(In millions of Bs.)

(p) Preliminar

Note: Cutoms tariffs by date of payment are being considered

Source : Tax Policy Vice Ministry and National Tax Service (SIN)Bolivian National Customs (ANB)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last update : Wednesday, January 20th 2010 (Hrs. 16:48)

5%

3%

-3%

Average

1985 - 20052006 2007 2008 2009

6.223 21.297 24.340 29.607 30.571

31MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

9.940

13.06013.941

19.778

23.082

27.870

30.277

37.325

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

40.000

2002 2003 2004 2005 2006 2007 2008 2009

Bolivia: Active and created businesses 2002 - 2009 (p)(Number of businesses)

(p) Preliminar

Source Foundation for the Development of Businesses(FUNDEMPRESA)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Last Update : Monday , January 11th 2010 (Hrs. 09:05)

17.547

created businesses

9.838 17.547

Creación de Empresas

Acumulado

2003-2005

Acumulado

2006-2009

32MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NA

CE

S

Bolivia: Credits and Jobs- Productive Development Bank (BDP), Accumulated June 2007 – February 2010(In millioin of USD, number of credits and jobs)

(*) Stimated with a factor of 1,8 times for directly generated jobs

Source : Productive Development Bank (BDP).

Elaborated by : Fiscal Analysis Network (RAF)

Last Update : Friday , March 12th 2010 (Hrs. 15:37)

Percentual composition of

the approved ammounts

33MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

CB

LI

FIN

AN

CE

S

Monto

Aprobado

Número de

Créditos

Empleos

Directos

Empleos

Indirectos (*)Total

Total 169,5 17.924 137.077 246.739 383.816

Alimentos 123,5 13.546 105.075 189.135 294.210

Artesanía 3,0 273 1.860 3.348 5.208

Cerámica 0,8 56 434 781 1.215

Cueros 1,8 268 1.335 2.403 3.738

Maderas 8,7 975 4.915 8.847 13.762

Mat. construcción 3,4 293 2.142 3.856 5.998

Metalmecánica 2,3 222 903 1.625 2.528

Orfebrería 0,5 64 225 405 630

Plásticos 0,3 24 140 252 392

Textiles 23,1 2.027 18.939 34.090 53.029

Turismo 2,2 176 1.109 1.996 3.105

Rubro

Créditos Empleos (Dic 2009)

Alimentos

72%

Textiles

14% Otros

5%Artesanía

2%

Maderas

5%

Mat.

construcción

2%

Bolivia: Urban Open umenployment Rate CEDLA - UDAPE2000 – 2009 (p) ( In percentage ))

(p) Preliminar, (e) Estimated

(*) Data from CEDLA before 2008, belong to estimations in function of the level of economic activities,from 2008 correspond to a questioner made in five

cities of Bolivia (LPZ-EA-PT-SCZ-CBBA)

(**) The 2008 and 2009 data are estimated by UDAPE

Source : UDAPE and CEDLA

Elaboration : Fiscal Analysis Network (RAF), MEFP

Last update : Tuesday , 1st September 2009 (Hrs. 16:10)34M

INIS

TR

Y O

F E

CO

NO

MY

AN

D P

UB

LIC

FIN

AN

CE

S

11,08

11,95

12,30

11,70

12,10

11,30

9,50

10,20

11,00

8,508,69 8,71

9,29

8,157,99

7,67

6,696,83

7,46

6,0

7,0

8,0

9,0

10,0

11,0

12,0

13,0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009(e)

CEDLA*

UDAPE**

Latin American countries: Urban opened umenployment rate 2009 (p)

(In percentage )

(e) Estimated 2008 y 2009

(p) Preliminar

Note: Open urban unemployment rtae , except Chile and Venezuela national opened unemployment

Source : Statistic National Institute Colombia, Venezuela, Uruguay, Ecuador, Perú, Chile, Argentina, México y UDAPE - Bolivia

Elaborated by : Ministry of Economy and Public Finaces , Fiscal Analysis Network (RAF)

Updated on : Thursday , January 28th 2010 (Hrs. 11:08)35M

INIS

TR

Y O

F E

CO

NO

MY

AN

D P

UB

LIC

FIN

AN

CE

S

12,3

9,7

8,7

8,5

8,4

8,1

7,9

7,7

6,8

6,7

0,0 2,0 4,0 6,0 8,0 10,0 12,0 14,0

Colombia

Chile

Argentina

Ecuador

Perú

Brasil

Venezuela

Uruguay

Bolivia(e)

México

Bolivia: Population benefited with conditionalted transfers, To February 2010(p)

(In number of beneficiaries and in percentage )

(p) Preliminar

Source : Pensions and Financial System Vice Mnistry , Ministy of Education and Culture , Ministry of Health and Sports Statistic

National Institute (INE)

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Updated on : Monday , March 15th 2010 (Hrs. 16:55)

1.728.751 beneficiaries

782.660 benefited

Juancito Pinto Bonus (p) 16,9%

Dignity Rent 7,5%

2.869.597benefit

27,8%of the Bolivian

Population

Rest of the population

72,5 %

Juana Azurduy Bonus

3,4%358.186 benefited

36MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

CE

S

Monto

Desembolsado

Monto a

financiarSaldo

Total 240,3 264,9 24,5

Educación 61,6 68,4 6,8

Deporte 58,5 63,4 4,8

Equipamiento Comunal 53,8 59,9 6,1

Saneamiento Básico 19,3 20,4 1,1

Productivo 18,5 20,0 1,4

Salud 11,9 13,7 1,9

Infraestructura Vial 9,8 10,9 1,1Riego 6,9 8,2 1,4

Bolivia: Programa Evo CompliesAccumulated 2006 – March 10th 2010

(In million of USD)

Source : Especial Projects Planning (UPRE) – Ministry of the Presidency

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Updated on : Friday , March 12 th 2010 (Hrs. 15:42)

Composición porcentual de desembolsosBetween 2006 and March

10th 2010, 2.629 projects

were funded

37

MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

Saneamiento

Básico

8%

Otros

7%

Deporte

24%

Educación

26%

Equipamiento

Comunal

22%Productivo

8%Salud

5%

Elaborated: Fiscal Analysis Network l (RAF), MEFP

Last updated on: Wednesday , March 17th 2010 (Hrs. 18:59)

International Recognition of the economic policy in Bolivia

International Organizations

38MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

FMI: Presentation of “Economic Outlook: The Americas” in

the country , and Article IV of the Consultive Agreement of

the FMI for Bolivia. The FMI rated the economic policy

implemented in the country, as cautious and adequate, for

the fiscal encouragement applied in times of crisis.

Octubre, 2009

Octubre 2009 y

Febrero 2010

Noviembre, 2009

Diciembre, 2009

BID: Points out Bolivia’s positive growth in 2009, and

the Little impact of the crisis in the country, in relation

to Latin America and the Caribe

World Bank : Points out the “adequate macroeconomic

management ”, and the achievement of a higher

growth rate among Latin American countries

CEPAL: Places Bolivia as the economy with more

growth in 2009 and between the first ones in 2010

Elaborated by : Fiscal Analysis Network (RAF), MEFP

Updated on : Wednesday, March 17th 2010 (Hrs. 14:09)

International Recognition of the economic policy in Bolivia

Risk Rating

39MIN

IST

RY

OF

EC

ON

OM

Y A

ND

PU

BL

IC F

INA

NC

ES

Fitch Rating, updated its qualification from “B-” to “B”,

with estable Outlook

Septiembre, 2009

Octubre, 2009

Both institutions consider the macroeconomic estability and the good

performance of the economy during the crisis, for accumulation of reserves and

fiscal savings, and the positive position of the debt rate.

Moody’s Investor Service, upgrated its rating from

“B3” to “B2”, with estable Outlook

Rating Efectivo

B 08-Sep-2009

B- 17-Mar-2004

Rating Efectivo

B2 28-Sep-2009

B3 16-Abr-2003

B1 29-May-1998

Thanks…

40MIN

IST

ER

IO D

E E

CO

NO

MÍA

Y F

INA

NZ

AS

PÚ

BL

ICA

S