Regulatory Alerts2026-07-11
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Follow-up on the 2026 Monetary Program - June
The Central Bank of Bolivia reports that the first half of 2026 saw significant deviations from the monetary program, primarily due to a net internal credit contraction much smaller than projected. The central bank maintained a contractionary monetary policy orientation to absorb excess liquidity and transition to the new monetary policy framework, resulting in a monetary base reduction exceeding 10,000 million bolivianos. Despite these efforts, net international reserves accumulated below targets due to lower external disbursements, while the financial sector's loan portfolio remained stable with 3% annual growth.
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monetary
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