BLOOMBERG/ Finance Minister Luis Arce (pictured) believes annual inflation will decline from 4.5 percent to 3.5 or even 3 percent for 2010 but he is also cutting the GDP estimate to 4 percent from 4.5 percent. In 2008, Bolivia’s annual inflation was 11.85 percent. Arce also announced that for the first time in more than 70 years, Bolivia plan an international bond sale of undisclosed size for June or July 2011.
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