Resource information
Bolivia’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.
