World Bank Group2015-12-232015-12-232015-11-04https://hdl.handle.net/10986/23502Bolivia’s distinct characteristics and aspirations are a key for understanding its development trajectory. Bolivia is one of the countries with the highest share of indigenous population, representing a tapestry of different groups with different historical, cultural and economic features, with a significant influence in policy decision making. The country is landlocked and one of the most sparsely populated in the world. As a result, long distances to the nearest seaports and markets and a challenging topography pose important natural constraints to economic expansion, and hamper broad-based and inclusive growth. Bolivia is also wealthy in natural resources, not only in hydrocarbon and in mining but in forestry and arable land, with high potential for growth, which make it vulnerable to commodity price shocks. In addition, in the last decade, the country has experienced a profound economic and political paradigm shift, enshrined in the 2009 Constitution, which has been predominantly driven by a state-led development model geared at addressing the social aspirations of Bolivians. The Agenda Patriótica provides the overall policy vision to 2025 and includes 13 strategic pillars. The PDES contains a five-year rolling plan with policy actions and budgets to operationalize the Agenda Patriótica. The overarching development agenda of the Government is still, by and large, based on an economic model that emphasizes state-led public investment, but which is increasingly opening up to private investment in important areas.en-USCC BY 3.0 IGOEMPLOYMENTFINANCIAL SERVICESREGULATORY FRAMEWORKECONOMIC GROWTHACCOUNTINGDEPOSITSURBANIZATIONPOLICY ENVIRONMENTWASTE MANAGEMENTFINANCIAL MANAGEMENTAUTONOMYCARBONINTERESTFACTORINGLAWSEXPECTATIONSAGRICULTURAL PRODUCTIONINDUSTRYPRODUCERSRESOURCE MANAGEMENTLOCAL GOVERNMENTSSTRATEGIESRESOURCE ALLOCATIONLABOR FORCEWATER SUPPLYSERVICESRIVER BASINSSEWAGEPUBLIC SERVICESPOLITICAL ECONOMYHOUSINGREVENUESSOLID WASTE COLLECTIONFISCAL POLICYSUSTAINABLE MANAGEMENTINCENTIVESELECTRICITY SERVICESMODELSPROJECTSSUSTAINABLE DEVELOPMENTSAVINGINFLATIONECONOMIC ANALYSISMUNICIPALITIESSAFETY NETSRESOURCE USEPUBLIC POLICYFISCAL POLICIESEXPLOITATIONOIL PRICESSAVINGSARABLE LANDTECHNICAL ASSISTANCEAIR POLLUTIONOILTRANSPORTPOPULATION GROWTHPRODUCTIVITYOPTIONSMIGRATIONMUNICIPAL GOVERNMENTSTRANSFERSFINANCIAL INSTITUTIONSCRITERIABARRIERS TO ENTRYDEBTMARKETSLAND DEGRADATIONLEGISLATIONPUBLIC FINANCEPOLLUTIONFORESTRYWELFARE GAINSAQUIFERSLABORLOANSENTERPRISESNATURAL RESOURCESTRUST FUNDSSUBSIDIESLEGAL FRAMEWORKFINANCEEFFICIENCYGRANTSINFRASTRUCTUREBANKING SECTORLAND USEBANKSRESOURCESEQUITYPRODUCTIVITY GROWTHSOCIAL SAFETY NETSTECHNOLOGICAL CHANGERURAL COMMUNITIESACCOUNTABILITYINTERNATIONAL RESERVESCLIMATE CHANGESOCIAL SERVICESENVIRONMENTAL MANAGEMENTVALUESPUBLIC POLICIESVALUEBANKCREDITQUALITY STANDARDSLARGE CITIESDEFORESTATIONDEMANDEQUITY INVESTMENTSSUSTAINABLE USEINCOME DISTRIBUTIONEXPENDITURESENVIRONMENTSPUBLIC TRANSPORTINTERNAL CONTROLSPROPERTYMANDATESDECISION MAKINGFISCAL YEARENVIRONMENTSOIL DEGRADATIONURBAN DEVELOPMENTTERMS OF TRADEPUBLIC DEBTMARKET COMPETITIONACCOUNTING SYSTEMSGOVERNANCEINSURANCEMICROFINANCEECONOMIC DEVELOPMENTTRADELANDDRINKING WATERRISKADMINISTRATIVE PROCEDURESCOMPARATIVE ADVANTAGEFINANCIAL MARKETSSUBNATIONAL GOVERNMENTSINDIGENOUS PEOPLESDECENTRALIZATIONINSTITUTIONAL DEVELOPMENTREVENUERISK MANAGEMENTLENDINGLIVING CONDITIONSRESOURCE OWNERSHIPPROPERTY VALUESPROFITSENVIRONMENTALCOST SAVINGSPAYMENT SYSTEMSGOVERNMENTSHEALTH SERVICESPRICESINTERGOVERNMENTAL FISCAL RELATIONSPITECONOMIESAUDITINGCONSOLIDATIONReportWorld Bank10.1596/23502