Bolivia appears to have been spared the worst effects of a fall in international commodity prices as it announced economic growth of 4.9% in the first four months of the year. The figure was published in a report by Bolivia’s National Institute of Statistics, which said that Bolivia remained the fastest growing economy in South America. Mario Guillen, Bolivia’s deputy minister of pensions, told Xinhua that this sees Bolivia lead regional growth for the third year in a row, thanks to the economic policies implemented by President Evo Morales since 2006.
