The Central Bank of Bolivia published its Initial Public Accountability Report for 2025, presented by acting president Edwin Rojas Ulo, setting out the Bank’s strategic guidelines for the year alongside a review of 2024 results and its macroeconomic and administrative objectives for 2025. The 2025 priorities include preserving monetary sovereignty, containing inflation, strengthening net international reserves (RIN) through purchases of gold in the domestic market followed by refining abroad, supporting economic and social development via financing to Strategic National Public Enterprises and the public sector, and continuing modernization of the national payment system. The Bank framed these priorities against a challenging 2024 environment marked by severe droughts, forest fires, rising social conflict and delays in the Legislative Assembly’s approval of credit operations. It also highlighted external pressures from elevated inflation in neighbouring countries that increased demand for Bolivian goods and reduced domestic supply, higher international interest rates that raised external debt servicing costs, and geopolitical conflicts that pushed up input and final-goods prices. For 2025, the Bank cited risks tied to a global shift toward trade protectionism led by the United States, and domestically to severe floods that triggered a national emergency declaration, continued uncertainty over approval of external credits, prolonged social conflict linked to the electoral process, and declining hydrocarbons output due to limited exploration investment. The report also sets out planned academic, cultural and Bicentennial-related activities, including participation in the XVIII Monetary Conference, the Eighteenth Meeting of Bolivian Economists, a Central Banking diploma programme and a course for journalists, and commemorative initiatives such as publication of an Economic and Monetary History book, a BCB mural, strengthening of the Numismatic Museum, and the launch of new Bicentennial banknotes and coins.
Central Bank of Bolivia 2025-04-17
Central Bank of Bolivia outlines 2025 strategy to curb inflation and bolster net international reserves via domestic gold purchases
The Central Bank of Bolivia's Initial Public Accountability Report for 2025 outlines priorities like preserving monetary sovereignty, containing inflation, and strengthening reserves through domestic gold purchases. It highlights 2024 challenges, including droughts, social conflicts, and external pressures like regional inflation and geopolitical tensions. For 2025, risks include global trade protectionism, domestic floods, and declining hydrocarbons output, alongside planned academic and cultural activities.