F programs since 1987, though economic crises in recent years have undercut Bolivia's normally good record.
The rescheduling of agreements granted by the Paris Club has allowed the individual creditor countries to apply very soft terms to the rescheduled debt. As a result, some countries have forgiven substantial amounts of Bolivia's bilateral debt. The U.S. government reached an agreement at the Paris Club meeting in December 1995 that reduced by 67% Bolivia's existing debt stock. The Bolivian government continues to pay its debts to the multilateral development banks on time. Bolivia is a beneficiary of the Heavily Indebted Poor Countries (HIPC) and Enhanced HIPC debt relief programs, which by agreement restricts Bolivia's access to new soft loans.
The income from tourism becomes increasingly important. Bolivia's tourist industry has grown gradually since about 1990
