In the past five years, the Inter-American Development Bank has supported various initiatives in the areas of agriculture, rural development, private sector development, state reform and modernization, transportation, urban development and other sectors. Total lending across this period amounts to around US$640 million.
The three main pillars of IDB's strategy in Bolivia include state management and institutional strengthening, private sector development and competitiveness, and improving the delivery of basic social services in education, health and sanitation. The bank will support projects along these areas in the near future.
Some of the loan operations that IDB will be implementing are in the transport, social services and sanitation sectors. For these interventions, total funding is expected at around US$85 million. Bank senior officials inform Devex of the status of these initiatives as well as projected timelines for implementation.
Bolivia is one of the founding members of IDB, which was institutionalized as far back as 1959. Over the years it has experienced various political and economic upheavals. As Bolivia goes through profound changes in its political, economic and social structures, the bank remains optimistic that its efforts will contribute to poverty reduction in the Latin American country.