IFAD Backs Bolivian Poverty Alleviation Scheme

The International Fund for Agricultural Development is lending approximately $8 million to Bolivia as support for the country’s efforts to address extreme poverty in the regions of Potosi and Cochabamba.

The project to be financed by the loan aims to strengthen food security in the two regions and helps families find opportunities to boost their incomes, according to a U.N. news release. It also seeks to strengthen organizations in the regions and help improve citizens’ rights, evaluation and monitoring.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.