This policy has led us to reach the current level of $ billion in international reserves (45% of GDP). Some of the central banks represented here will be telling us their experiences in this area. Colombia and Mexico would be cases worth hearing about. Adequate fiscal policy led to consecutive fiscal surpluses.
In order to manage capital flows, the Central Bank of Bolivia imposes fees of 1% for outflows and 0.6% for inflows. These measures have been carefully analyzed, and the Bank continues to monitor them closely. In the wake of the crisis, recommendations have pointed to an equilibrated approach, and we have followed this line.